National Bank of Canada FI Has $10.89 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

National Bank of Canada FI cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 766,032 shares of the company's stock after selling 60,869 shares during the period. National Bank of Canada FI owned 0.11% of Host Hotels & Resorts worth $10,885,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HST. NBC Securities Inc. grew its stake in shares of Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Host Hotels & Resorts by 28.4% in the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after purchasing an additional 807 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock worth $62,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in shares of Host Hotels & Resorts in the first quarter worth $66,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.26 during midday trading on Friday, hitting $15.72. 10,900,992 shares of the company were exchanged, compared to its average volume of 10,896,119. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $10.81 billion, a P/E ratio of 16.72 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36. The firm has a 50 day simple moving average of $15.92 and a 200-day simple moving average of $15.39.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Research analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.1%. Host Hotels & Resorts's payout ratio is presently 85.11%.

Analyst Ratings Changes

HST has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Evercore ISI increased their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Stifel Nicolaus increased their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.50.

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.