Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Position Decreased by QRG Capital Management Inc.

QRG Capital Management Inc. cut its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 522,451 shares of the company's stock after selling 176,894 shares during the quarter. QRG Capital Management Inc. owned 0.08% of Host Hotels & Resorts worth $7,424,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HST. Empowered Funds LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter worth $312,000. Van ECK Associates Corp lifted its holdings in shares of Host Hotels & Resorts by 12.0% in the fourth quarter. Van ECK Associates Corp now owns 151,692 shares of the company's stock valued at $2,658,000 after purchasing an additional 16,235 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Host Hotels & Resorts by 4.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 391,272 shares of the company's stock valued at $6,855,000 after purchasing an additional 16,441 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $57,000. Finally, CIBC Asset Management Inc lifted its holdings in shares of Host Hotels & Resorts by 4.0% in the fourth quarter. CIBC Asset Management Inc now owns 106,645 shares of the company's stock valued at $1,868,000 after purchasing an additional 4,064 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $15.57 on Wednesday. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.37. The stock's 50-day moving average is $14.81 and its two-hundred day moving average is $15.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $10.80 billion, a P/E ratio of 16.22 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company earned $0.60 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.14%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 83.33%.

Analyst Upgrades and Downgrades

HST has been the subject of a number of research analyst reports. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Morgan Stanley reduced their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of "Hold" and a consensus price target of $18.27.

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.

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