Nan Shan Life Insurance Co. Ltd. Sells 2,580,727 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nan Shan Life Insurance Co. Ltd. lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 76.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 791,128 shares of the company's stock after selling 2,580,727 shares during the period. Nan Shan Life Insurance Co. Ltd. owned approximately 0.11% of Host Hotels & Resorts worth $13,861,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. National Pension Service purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp lifted its stake in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the fourth quarter valued at about $45,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HST shares. Compass Point downgraded shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Evercore ISI cut their price objective on shares of Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Citigroup decreased their target price 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. Raymond James cut their price target 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, UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $15.76 on Wednesday. The stock has a market capitalization of $10.93 billion, a PE ratio of 15.92 and a beta of 1.29. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The business has a 50 day simple moving average of $14.36 and a two-hundred day simple moving average of $16.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

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

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 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.

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