Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp reduced its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 16.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 85,604 shares of the company's stock after selling 16,714 shares during the period. Mackenzie Financial Corp's holdings in Host Hotels & Resorts were worth $1,500,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HST. Toronto Dominion Bank increased its position in shares of Host Hotels & Resorts by 5.9% in the 4th quarter. Toronto Dominion Bank now owns 374,284 shares of the company's stock valued at $6,557,000 after purchasing an additional 20,691 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $224,000. Vise Technologies Inc. acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $344,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Host Hotels & Resorts by 6.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,326,744 shares of the company's stock valued at $128,365,000 after buying an additional 433,657 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $199,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of HST traded down $0.13 during trading hours on Wednesday, reaching $15.54. The company had a trading volume of 2,396,153 shares, compared to its average volume of 8,462,167. The firm has a 50 day simple moving average of $14.41 and a 200-day simple moving average of $16.09. 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 market capitalization of $10.78 billion, a price-to-earnings ratio of 15.72 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.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. The business 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 12.26% and a return on equity of 10.37%. The business's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid 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 dividend yield of 5.15%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HST shares. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Truist Financial decreased their price target on shares of 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. Finally, Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of "Hold" and a consensus target price of $18.27.

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.