Host Hotels & Resorts, Inc. (NASDAQ:HST) Holdings Cut by Lazard Asset Management LLC

Lazard Asset Management LLC lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 60.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,080 shares of the company's stock after selling 189,028 shares during the quarter. Lazard Asset Management LLC's holdings in Host Hotels & Resorts were worth $2,155,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Ritholtz Wealth Management increased its holdings in shares of Host Hotels & Resorts by 10.9% during the 4th quarter. Ritholtz Wealth Management now owns 106,073 shares of the company's stock worth $1,858,000 after buying an additional 10,463 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Host Hotels & Resorts during the 4th quarter worth $1,457,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after buying an additional 991 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Host Hotels & Resorts by 186.5% during the 4th 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 during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Host Hotels & Resorts by 56.8% during the 4th 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 last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.9%

NASDAQ:HST traded down $0.13 on Friday, reaching $14.70. The stock had a trading volume of 6,820,607 shares, compared to its average volume of 8,174,459. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average of $14.33 and a 200 day moving average of $16.23. 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 12-month low of $12.22 and a 12-month high of $19.37.

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

Host Hotels & Resorts Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Morgan Stanley dropped their price objective 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. Citigroup dropped their price objective 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. Raymond James dropped their price objective 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, UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.90.

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.