Massachusetts Financial Services Co. MA Sells 44,031 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Massachusetts Financial Services Co. MA cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,456,446 shares of the company’s stock after selling 44,031 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.92% of Host Hotels & Resorts worth $116,087,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HST. International Assets Investment Management LLC bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $440,000. Private Advisor Group LLC grew its stake in Host Hotels & Resorts by 8.5% in the fourth quarter. Private Advisor Group LLC now owns 13,789 shares of the company’s stock valued at $268,000 after purchasing an additional 1,085 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Host Hotels & Resorts by 25.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 29,795 shares of the company’s stock valued at $580,000 after purchasing an additional 6,131 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Host Hotels & Resorts by 57.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 37,561 shares of the company’s stock valued at $731,000 after purchasing an additional 13,761 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its stake in Host Hotels & Resorts by 33.0% in the fourth quarter. Panagora Asset Management Inc. now owns 89,811 shares of the company’s stock valued at $1,749,000 after purchasing an additional 22,261 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.88 on Thursday. The stock has a market capitalization of $12.61 billion, a PE ratio of 17.53, a P/E/G ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The business has a fifty day moving average price of $17.18 and a two-hundred day moving average price of $18.39. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.47%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HST shares. Wells Fargo & Company decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Barclays reduced their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Oppenheimer reduced their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Robert W. Baird reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.06.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.