Wealthfront Advisers LLC Sells 111,495 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wealthfront Advisers LLC lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 78.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,364 shares of the company's stock after selling 111,495 shares during the period. Wealthfront Advisers LLC's holdings in Host Hotels & Resorts were worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HST. Mirae Asset Global Investments Co. Ltd. increased its stake in Host Hotels & Resorts by 3.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after acquiring an additional 3,732 shares during the period. Teacher Retirement System of Texas bought a new position in Host Hotels & Resorts during the 1st quarter worth $1,453,000. Oppenheimer Asset Management Inc. increased its stake 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 period. Envestnet Asset Management Inc. increased its stake in Host Hotels & Resorts by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after acquiring an additional 6,592 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Host Hotels & Resorts by 10.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 57,318 shares of the company's stock worth $814,000 after acquiring an additional 5,318 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.08 on Tuesday. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.37. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The business's 50 day simple moving average is $15.70 and its 200 day simple moving average is $15.55. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 16.75 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.98%. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Wells Fargo & Company raised their price objective on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Finally, Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and an average target price of $17.96.

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.

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