KBC Group NV Cuts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

KBC Group NV lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,101,327 shares of the company's stock after selling 1,509,654 shares during the quarter. KBC Group NV owned 0.59% of Host Hotels & Resorts worth $58,280,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HST. Private Advisor Group LLC purchased a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $375,000. IFP Advisors Inc lifted its stake in Host Hotels & Resorts by 716.4% during the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after acquiring an additional 2,493 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Host Hotels & Resorts by 48.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after acquiring an additional 16,694 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Host Hotels & Resorts during the 4th quarter worth $17,586,000. Finally, Mariner LLC grew its stake in shares of Host Hotels & Resorts by 10.3% in the 4th quarter. Mariner LLC now owns 46,476 shares of the company's stock worth $814,000 after acquiring an additional 4,357 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HST shares. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target on the stock. Truist Financial cut their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $18.12.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.40 during midday trading on Monday, reaching $15.36. The stock had a trading volume of 10,300,479 shares, compared to its average volume of 8,703,274. The firm has a market capitalization of $10.66 billion, a PE ratio of 16.00 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.37. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The firm's 50-day moving average price is $15.13 and its 200 day moving average price is $15.74.

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, topping the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company's revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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 given 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 dividend yield of 5.21%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Host Hotels & Resorts Company 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.