Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,365,848 shares of the company’s stock after selling 1,922,946 shares during the quarter. Millennium Management LLC owned approximately 0.34% of Host Hotels & Resorts worth $42,538,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. LSV Asset Management grew its position in shares of Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Host Hotels & Resorts by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after purchasing an additional 489,415 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Host Hotels & Resorts by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock worth $104,014,000 after purchasing an additional 63,669 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Down 0.3 %

Host Hotels & Resorts stock opened at $17.55 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The firm has a market capitalization of $12.37 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The stock’s fifty day moving average is $17.19 and its two-hundred day moving average is $18.21.

Host Hotels & Resorts Announces Dividend

The company also recently announced 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. This represents a $0.80 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HST shares. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $18.00 in a research note on Thursday, August 1st. Evercore ISI reduced their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Truist Financial cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company cut 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

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.