Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Man Group plc

Man Group plc decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 13.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,689,156 shares of the company's stock after selling 412,754 shares during the quarter. Man Group plc owned approximately 0.38% of Host Hotels & Resorts worth $47,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Freedom Investment Management Inc. increased its stake 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 worth $389,000 after buying an additional 622 shares during the period. Savant Capital LLC increased its stake in shares of Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after buying an additional 634 shares during the period. Evergreen Wealth Solutions LLC increased its stake 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 worth $227,000 after buying an additional 651 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock worth $1,297,000 after buying an additional 746 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock worth $233,000 after buying an additional 899 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.16 during mid-day trading on Friday, reaching $15.56. 5,768,467 shares of the company's stock were exchanged, compared to its average volume of 8,148,195. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The stock has a market capitalization of $10.79 billion, a PE ratio of 15.72 and a beta of 1.29. The business's fifty day simple moving average is $14.33 and its 200-day simple moving average is $16.30. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial cut 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. Morgan Stanley cut their target price 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. Raymond James dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 18th. UBS Group dropped their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. Finally, Evercore ISI dropped their price target on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.90.

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.