Janney Montgomery Scott LLC Cuts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Janney Montgomery Scott LLC decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 48.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 27,132 shares of the company’s stock after selling 25,071 shares during the period. Janney Montgomery Scott LLC’s holdings in Host Hotels & Resorts were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HST. NBC Securities Inc. lifted its position in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares during the period. Jones Financial Companies Lllp lifted its position in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares during the period. Versant Capital Management Inc lifted its position in Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after purchasing an additional 2,047 shares during the period. IFP Advisors Inc lifted its position in Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company’s stock valued at $50,000 after purchasing an additional 2,493 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock worth $62,000 after acquiring an additional 1,906 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Morgan Stanley decreased their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Evercore ISI reiterated an “outperform” rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.96.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $16.21 on Friday. The firm has a fifty day moving average price of $15.35 and a 200-day moving average price of $15.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a market cap of $11.24 billion, a PE ratio of 16.88 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 earnings per share. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.94%. Host Hotels & Resorts’s payout ratio is 83.33%.

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.