Wellington Management Group LLP Reduces Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wellington Management Group LLP lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 92.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,453,445 shares of the company's stock after selling 19,068,554 shares during the period. Wellington Management Group LLP owned about 0.21% of Host Hotels & Resorts worth $25,464,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $375,000. IFP Advisors Inc raised its stake in shares of Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after purchasing an additional 2,493 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Host Hotels & Resorts during the 4th quarter worth $17,586,000. Mariner LLC grew its position in Host Hotels & Resorts by 10.3% in the 4th quarter. Mariner LLC now owns 46,476 shares of the company's stock worth $814,000 after purchasing an additional 4,357 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Host Hotels & Resorts by 186.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,203 shares of the company's stock valued at $915,000 after acquiring an additional 33,984 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HST. 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. Citigroup cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Raymond James dropped their target price 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, Wells Fargo & Company lowered their price objective 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 equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $18.27.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded down $0.14 during midday trading on Wednesday, hitting $15.53. 2,758,770 shares of the stock traded hands, compared to its average volume of 8,463,186. The firm has a market capitalization of $10.77 billion, a P/E ratio of 15.69 and a beta of 1.32. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The firm has a 50-day moving average of $14.41 and a two-hundred day moving average of $16.09.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.15%. Host Hotels & Resorts's dividend payout ratio is currently 83.33%.

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.