Ritholtz Wealth Management Sells 32,095 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ritholtz Wealth Management lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 30.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,978 shares of the company's stock after selling 32,095 shares during the quarter. Ritholtz Wealth Management's holdings in Host Hotels & Resorts were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Freedom Investment Management Inc. raised its holdings in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after acquiring an additional 622 shares during the period. Evergreen Wealth Solutions LLC raised its holdings in shares of Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock valued at $227,000 after acquiring an additional 651 shares during the period. Ascent Group LLC increased its stake in Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock valued at $290,000 after buying an additional 703 shares during the period. Ieq Capital LLC increased its stake in Host Hotels & Resorts by 7.3% in the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after buying an additional 899 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.4%

HST stock traded down $0.06 during trading hours on Friday, hitting $15.67. The company's stock had a trading volume of 13,372,347 shares, compared to its average volume of 8,650,328. 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 company has a market capitalization of $10.87 billion, a PE ratio of 16.32 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 stock has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $15.87.

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 (EPS) for the quarter, topping the consensus estimate 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 11.66% and a return on equity of 10.11%. Host Hotels & Resorts's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HST. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Truist Financial dropped their price objective on shares of 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 reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Finally, Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.27.

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.