Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,663 shares of the company’s stock after selling 5,276 shares during the period. Truist Financial Corp’s holdings in Host Hotels & Resorts were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HST. Farther Finance Advisors LLC grew its holdings in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter valued at about $108,000. Van ECK Associates Corp grew its holdings in shares of Host Hotels & Resorts by 11.6% in the third quarter. Van ECK Associates Corp now owns 135,457 shares of the company’s stock valued at $2,354,000 after purchasing an additional 14,088 shares during the period. Summit Global Investments grew its holdings in shares of Host Hotels & Resorts by 12.0% in the third quarter. Summit Global Investments now owns 11,211 shares of the company’s stock valued at $197,000 after purchasing an additional 1,199 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in 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 during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HST shares. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus cut their target price on 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. UBS Group decreased their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Price Performance

HST stock opened at $16.08 on Thursday. The business’s fifty day moving average price is $16.84 and its 200 day moving average price is $17.47. Host Hotels & Resorts, Inc. has a 12-month low of $15.65 and a 12-month high of $21.27. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $11.24 billion, a PE ratio of 16.24 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.98%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

About Host Hotels & Resorts

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.