Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its holdings in Host Hotels & Resorts by 38.8% during the first quarter, now owning 35,714 shares valued at $507,000.
• Other institutional investors significantly increased their positions, with NBC Securities Inc. up 185,200.0% and Versant Capital Management Inc. up 696.3% in the same period.
• Host Hotels & Resorts reported a quarterly EPS of $0.58, exceeding the consensus estimate, and announced a quarterly dividend of $0.20 per share.

Pacer Advisors Inc. lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 38.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,714 shares of the company's stock after selling 22,670 shares during the period. Pacer Advisors Inc.'s holdings in Host Hotels & Resorts were worth $507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. increased its position in shares of Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares in the last quarter. IFP Advisors Inc increased its position in shares of Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after purchasing an additional 807 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Host Hotels & Resorts by 80.1% during the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock worth $62,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth about $66,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $15.72 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The business's 50 day moving average is $15.87 and its two-hundred day moving average is $15.52. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The stock has a market capitalization of $10.91 billion, a price-to-earnings ratio of 16.72 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.89% and a net margin of 11.12%. The company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm's quarterly revenue was up 8.2% on a year-over-year basis. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.1%. Host Hotels & Resorts's payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HST. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Stifel Nicolaus boosted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday. Evercore ISI boosted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.96.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.

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