Scientech Research LLC Reduces Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Scientech Research LLC trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,001 shares of the company's stock after selling 37,500 shares during the quarter. Scientech Research LLC's holdings in Host Hotels & Resorts were worth $1,139,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in HST. National Pension Service purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its holdings in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its position 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 purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at $40,000. Finally, IFP Advisors Inc lifted its position in Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock worth $50,000 after buying an additional 2,493 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.1%

Host Hotels & Resorts stock traded down $0.02 during mid-day trading on Thursday, reaching $14.75. 4,396,930 shares of the company were exchanged, compared to its average volume of 8,135,209. 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 firm has a market cap of $10.23 billion, a P/E ratio of 14.87 and a beta of 1.29. The business has a fifty day moving average of $14.35 and a 200 day moving average of $16.26. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month 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 EPS 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 the consensus estimate of $1.55 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The firm's revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.43%. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HST. Morgan Stanley reduced their price target 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. Raymond James cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Truist Financial decreased their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Finally, Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.