Everence Capital Management Inc. Sells 63,900 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Everence Capital Management Inc. cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,450 shares of the company’s stock after selling 63,900 shares during the period. Everence Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $411,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HST. Freedom Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock valued at $380,000 after buying an additional 625 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in Host Hotels & Resorts by 6.3% in the second quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after purchasing an additional 648 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of Host Hotels & Resorts by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after purchasing an additional 784 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock worth $1,441,000 after purchasing an additional 812 shares in the last quarter. Finally, Mendota Financial Group LLC grew its stake in Host Hotels & Resorts by 27.1% during the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after buying an additional 842 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 1.5 %

Host Hotels & Resorts stock opened at $17.45 on Monday. The firm has a market cap of $12.20 billion, a PE ratio of 16.94 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The stock’s 50 day simple moving average is $18.04 and its two-hundred day simple moving average is $17.68. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly 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 firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. 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 declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. Host Hotels & Resorts’s payout ratio is 77.67%.

Analyst Upgrades and Downgrades

HST has been the subject of several recent analyst reports. Compass Point raised 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. Stifel Nicolaus lowered 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 note on Friday, November 22nd. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.19.

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.