Federated Hermes Inc. Sells 2,207 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Federated Hermes Inc. lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,466 shares of the company’s stock after selling 2,207 shares during the quarter. Federated Hermes Inc.’s holdings in Host Hotels & Resorts were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HST. Savant Capital LLC grew its position in Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after buying an additional 634 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Host Hotels & Resorts by 1.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after purchasing an additional 746 shares during the last quarter. Ieq Capital LLC raised its holdings in shares of Host Hotels & Resorts by 7.3% in the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock worth $233,000 after purchasing an additional 899 shares during the period. Meridian Financial Partners LLC lifted its stake in Host Hotels & Resorts by 1.3% in the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock valued at $1,364,000 after purchasing an additional 977 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on HST. Citigroup dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Raymond James reduced their price objective 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, February 18th. Finally, Jefferies Financial Group lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price target for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.17.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $13.66 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock has a market cap of $9.47 billion, a P/E ratio of 13.80 and a beta of 1.26. The firm’s fifty day moving average price is $15.05 and its 200-day moving average price is $16.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results 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 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.86%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

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.