Lasalle Investment Management Securities LLC Sells 243,640 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Lasalle Investment Management Securities LLC reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,427,492 shares of the company's stock after selling 243,640 shares during the quarter. Host Hotels & Resorts accounts for 1.1% of Lasalle Investment Management Securities LLC's investment portfolio, making the stock its 25th biggest holding. Lasalle Investment Management Securities LLC owned about 0.20% of Host Hotels & Resorts worth $25,010,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cohen & Steers Inc. increased its stake in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after buying an additional 3,932,928 shares during the period. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the fourth quarter worth $807,878,000. JPMorgan Chase & Co. raised its holdings in shares of Host Hotels & Resorts by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock worth $649,076,000 after acquiring an additional 643,450 shares in the last quarter. Invesco Ltd. boosted its position in 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 purchasing an additional 4,460,468 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in 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 valued at $336,539,000 after purchasing an additional 350,634 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Jefferies Financial Group downgraded 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. Morgan Stanley dropped their price target 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. Finally, UBS Group reduced their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Two 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 stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $19.10.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded down $0.08 during trading hours on Friday, reaching $13.86. 2,836,488 shares of the company's stock were exchanged, compared to its average volume of 7,958,167. The business has a fifty day moving average price of $14.78 and a 200-day moving average price of $16.63. The stock has a market capitalization of $9.60 billion, a P/E ratio of 13.98 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.37 billion. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.77%. Host Hotels & Resorts's dividend payout ratio (DPR) is 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.