Mutual of America Capital Management LLC Sells 3,255 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mutual of America Capital Management LLC lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,363 shares of the company’s stock after selling 3,255 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Host Hotels & Resorts were worth $1,995,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Host Hotels & Resorts in the second quarter valued at about $30,000. Farther Finance Advisors LLC lifted its stake in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares during the period. 1620 Investment Advisors Inc. bought a new position in Host Hotels & Resorts during the 2nd quarter worth about $51,000. Finally, Family Firm Inc. purchased a new position in Host Hotels & Resorts during the 2nd quarter valued at about $56,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HST has been the subject of several research reports. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. UBS Group reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $21.18.

Host Hotels & Resorts Price Performance

Shares of HST opened at $18.25 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average is $17.79 and its two-hundred day moving average is $17.66. The firm has a market capitalization of $12.76 billion, a PE ratio of 17.72, a P/E/G ratio of 1.62 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

About Host Hotels & Resorts

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.