Tredje AP fonden Cuts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Tredje AP fonden decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,186 shares of the company’s stock after selling 1,733 shares during the period. Tredje AP fonden’s holdings in Host Hotels & Resorts were worth $2,035,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HST. Czech National Bank increased its position in shares of Host Hotels & Resorts by 0.5% during the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after acquiring an additional 569 shares during the period. Legacy Wealth Asset Management LLC raised its position in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after purchasing an additional 579 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after buying an additional 584 shares during the period. Covestor Ltd boosted its stake in shares of Host Hotels & Resorts by 16.1% in the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after buying an additional 618 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in shares of Host Hotels & Resorts by 16.3% during the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after buying an additional 627 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HST shares. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $18.00 in a research note on Thursday, August 1st. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Robert W. Baird dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $21.06.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.53 on Friday. The company’s 50 day simple moving average is $17.18 and its 200-day simple moving average is $18.39. The firm has a market cap of $13.06 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.32%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Host Hotels & Resorts Company 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.