Stifel Financial Corp Has $307,000 Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Stifel Financial Corp lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 73.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,423 shares of the company’s stock after selling 49,318 shares during the quarter. Stifel Financial Corp’s holdings in Host Hotels & Resorts were worth $307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after purchasing an additional 113,761 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock worth $1,156,000 after buying an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Host Hotels & Resorts during the third quarter worth $540,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Host Hotels & Resorts by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after acquiring an additional 32,586 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its holdings in shares of Host Hotels & Resorts by 15.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock valued at $4,651,000 after acquiring an additional 34,977 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $21.39.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $17.98 on Friday. The firm has a market capitalization of $12.57 billion, a PE ratio of 17.46 and a beta of 1.32. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $18.05 and a two-hundred day moving average price of $17.71. 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 earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.45%. Host Hotels & Resorts’s payout ratio is presently 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.