Rhumbline Advisers Lowers Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Rhumbline Advisers lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,376,357 shares of the company’s stock after selling 20,887 shares during the quarter. Rhumbline Advisers owned about 0.20% of Host Hotels & Resorts worth $24,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after acquiring an additional 5,811,722 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Host Hotels & Resorts by 66.9% during the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. KBC Group NV increased its holdings in shares of 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 acquiring an additional 3,412,589 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in shares of Host Hotels & Resorts by 92.9% during the third 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 in the last quarter. Finally, State Street Corp increased its holdings in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after acquiring an additional 950,431 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Up 0.2 %

Host Hotels & Resorts stock opened at $17.08 on Thursday. The business has a 50-day simple moving average of $17.26 and a two-hundred day simple moving average of $17.47. The company has a market cap of $11.94 billion, a P/E ratio of 16.58 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Analysts predict that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.68%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Analyst Ratings Changes

Several brokerages have recently weighed in on HST. Raymond James reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.54.

Host Hotels & Resorts Company 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.