Worldquant Millennium Advisors LLC Trims Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Worldquant Millennium Advisors LLC decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,355,245 shares of the company's stock after selling 177,681 shares during the period. Worldquant Millennium Advisors LLC owned 0.19% of Host Hotels & Resorts worth $23,744,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Host Hotels & Resorts during the 4th quarter worth $807,878,000. Deutsche Bank AG increased its stake in shares of Host Hotels & Resorts by 184.7% during the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock worth $170,855,000 after acquiring an additional 6,326,709 shares during the period. Rush Island Management LP purchased a new position in Host Hotels & Resorts during the fourth quarter worth about $99,402,000. Invesco Ltd. lifted its position in Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the period. Finally, Northern Trust Corp lifted its position in Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HST has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Citigroup dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.13 during mid-day trading on Monday, hitting $14.70. 6,820,607 shares of the company's stock traded hands, compared to its average volume of 8,193,679. 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 company has a market cap of $10.20 billion, a PE ratio of 14.85 and a beta of 1.29. The firm's 50 day simple moving average is $14.33 and its 200 day simple moving average is $16.20. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

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

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's payout ratio is 83.33%.

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.