Tower Research Capital LLC TRC Cuts Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Tower Research Capital LLC TRC reduced its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 72.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,711 shares of the company's stock after selling 60,659 shares during the period. Tower Research Capital LLC TRC's holdings in Host Hotels & Resorts were worth $398,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HST. Invst LLC grew its position in Host Hotels & Resorts by 6.7% during the 3rd quarter. Invst LLC now owns 37,581 shares of the company's stock valued at $661,000 after purchasing an additional 2,376 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Host Hotels & Resorts during the third quarter valued at approximately $182,000. Tidal Investments LLC increased its position in shares of Host Hotels & Resorts by 27.1% during the third quarter. Tidal Investments LLC now owns 31,038 shares of the company's stock valued at $546,000 after acquiring an additional 6,611 shares in the last quarter. GAMMA Investing LLC raised its holdings in Host Hotels & Resorts by 42.9% in the 4th quarter. GAMMA Investing LLC now owns 12,275 shares of the company's stock worth $215,000 after acquiring an additional 3,684 shares during the last quarter. Finally, Pensionfund Sabic lifted its position in Host Hotels & Resorts by 5.9% in the 4th quarter. Pensionfund Sabic now owns 53,843 shares of the company's stock valued at $943,000 after acquiring an additional 3,000 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HST. Compass Point downgraded Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Raymond James lowered their price objective on shares of 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. UBS Group decreased their target price 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. Finally, Evercore ISI lowered their price target on Host Hotels & Resorts from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST traded down $0.17 during mid-day trading on Tuesday, reaching $14.59. 1,003,748 shares of the company traded hands, compared to its average volume of 8,027,277. The company's 50 day moving average price is $14.47 and its 200-day moving average price is $16.45. The firm has a market cap of $10.11 billion, a PE ratio of 14.77 and a beta of 1.29. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. 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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion during 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 was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, equities analysts expect 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. Shareholders 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 dividend on an annualized basis and a yield of 5.49%. Host Hotels & Resorts's dividend payout ratio is presently 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.