American Century Companies Inc. Sells 1,269,186 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

American Century Companies Inc. cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 54.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,044,079 shares of the company’s stock after selling 1,269,186 shares during the period. American Century Companies Inc. owned approximately 0.15% of Host Hotels & Resorts worth $18,773,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON bought a new position in Host Hotels & Resorts during the first quarter worth about $25,000. Blue Trust Inc. lifted its holdings in Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares in the last quarter. Riverview Trust Co acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $27,000. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $35,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HST shares. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Oppenheimer dropped their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Finally, Evercore ISI dropped their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.06.

Host Hotels & Resorts Trading Up 1.1 %

Host Hotels & Resorts stock opened at $18.73 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The stock has a market capitalization of $13.21 billion, a P/E ratio of 18.36, a PEG ratio of 1.51 and a beta of 1.32. The stock has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $18.38.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Host Hotels & Resorts Profile

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.