Allspring Global Investments Holdings LLC Has $10.09 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allspring Global Investments Holdings LLC trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,288 shares of the company’s stock after selling 186,243 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Host Hotels & Resorts worth $10,090,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HST. The Manufacturers Life Insurance Company raised its holdings in 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 worth $10,668,000 after buying an additional 113,761 shares during the period. Verition Fund Management LLC raised its holdings in Host Hotels & Resorts by 123.4% during the 3rd 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 period. Jacobs Levy Equity Management Inc. acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth approximately $540,000. LMR Partners LLP acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth approximately $4,775,000. Finally, Aigen Investment Management LP bought a new position in shares of Host Hotels & Resorts during the 3rd quarter worth approximately $639,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 4.0 %

Shares of HST opened at $17.05 on Wednesday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 16.55 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a fifty day moving average of $17.30 and a 200-day moving average of $17.48.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is 77.67%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HST shares. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Stifel Nicolaus decreased their price target 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 decreased their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, UBS Group decreased their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.