Woodline Partners LP Trims Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Woodline Partners LP reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,297,504 shares of the company's stock after selling 193,970 shares during the quarter. Woodline Partners LP owned 0.19% of Host Hotels & Resorts worth $22,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after purchasing an additional 991 shares during the period. Janney Montgomery Scott LLC increased its position in Host Hotels & Resorts by 186.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 52,203 shares of the company's stock worth $915,000 after buying an additional 33,984 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Host Hotels & Resorts by 56.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,119 shares of the company's stock worth $212,000 after buying an additional 4,391 shares during the period. Fifth Third Bancorp raised its stake in shares of Host Hotels & Resorts by 5.0% in the fourth quarter. Fifth Third Bancorp now owns 34,762 shares of the company's stock worth $609,000 after buying an additional 1,661 shares during the period. Finally, Patton Albertson Miller Group LLC lifted its position in shares of Host Hotels & Resorts by 1.2% during the 4th quarter. Patton Albertson Miller Group LLC now owns 258,919 shares of the company's stock valued at $4,536,000 after buying an additional 3,114 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.13 during trading hours on Monday, reaching $14.70. The company's stock had a trading volume of 6,820,607 shares, compared to its average volume of 8,193,679. The firm has a 50 day moving average price of $14.33 and a 200-day moving average price of $16.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The stock has a market cap of $10.20 billion, a P/E ratio of 14.85 and a beta of 1.29. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. On average, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.44%. Host Hotels & Resorts's payout ratio is presently 83.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HST shares. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Monday, March 10th. UBS Group dropped their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.90.

Host Hotels & Resorts Profile

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.