Fmr LLC Has $6.22 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Fmr LLC decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 353,252 shares of the company’s stock after selling 69,023 shares during the period. Fmr LLC owned approximately 0.05% of Host Hotels & Resorts worth $6,217,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $30,000. Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Host Hotels & Resorts during the 2nd quarter worth approximately $51,000. Finally, Family Firm Inc. purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $56,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. UBS Group reduced their price target 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, Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.39.

Host Hotels & Resorts Trading Down 0.6 %

HST opened at $18.82 on Friday. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. 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 has a 50-day moving average of $17.95 and a 200 day moving average of $17.69. The firm has a market cap of $13.16 billion, a P/E ratio of 18.27 and a beta of 1.32.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.25%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

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.