Advisory Services Network LLC Sells 69,169 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Advisory Services Network LLC lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 83.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,392 shares of the company's stock after selling 69,169 shares during the period. Advisory Services Network LLC's holdings in Host Hotels & Resorts were worth $235,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new position in Host Hotels & Resorts during the 4th quarter worth approximately $807,878,000. JPMorgan Chase & Co. increased its stake in Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after acquiring an additional 4,460,468 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Host Hotels & Resorts by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after purchasing an additional 350,634 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after buying an additional 2,261,877 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HST has been the topic of several recent analyst reports. UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Morgan Stanley decreased their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday. Citigroup reduced 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 report on Monday, March 17th. Truist Financial dropped their target price 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. Finally, Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their price target for the stock 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 issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $19.10.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded up $0.09 during trading hours on Thursday, reaching $13.86. The company had a trading volume of 1,475,490 shares, compared to its average volume of 7,951,637. The firm has a market cap of $9.60 billion, a PE ratio of 13.96 and a beta of 1.26. The business has a fifty day moving average price of $14.83 and a 200-day moving average price of $16.66. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given 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 dividend yield of 5.77%. Host Hotels & Resorts's payout ratio is currently 80.81%.

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.