American Century Companies Inc. Sells 12,297 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

American Century Companies Inc. lowered its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 618,227 shares of the company’s stock after selling 12,297 shares during the period. American Century Companies Inc. owned about 0.09% of Host Hotels & Resorts worth $10,831,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. KBC Group NV boosted its position in Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after buying an additional 3,412,589 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock valued at $278,554,000 after acquiring an additional 2,261,877 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after acquiring an additional 1,331,407 shares during the period. Raymond James Financial Inc. bought a new position in Host Hotels & Resorts during the 4th quarter worth approximately $17,586,000. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in Host Hotels & Resorts by 48.1% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,011,988 shares of the company’s stock worth $52,770,000 after purchasing an additional 978,069 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HST shares. UBS Group cut their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company cut their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Truist Financial cut their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Finally, Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $19.54.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $14.65 on Thursday. The business’s fifty day moving average is $15.91 and its 200 day moving average is $17.17. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.24 billion, a price-to-earnings ratio of 14.80 and a beta of 1.30. Host Hotels & Resorts, Inc. has a twelve month low of $13.83 and a twelve month high of $20.73.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.46%. Host Hotels & Resorts’s payout ratio 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.