Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 88.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,773 shares of the company’s stock after selling 148,696 shares during the quarter. Wealthfront Advisers LLC’s holdings in Host Hotels & Resorts were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HST. Oppenheimer Asset Management Inc. lifted its position in shares of Host Hotels & Resorts by 58.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company’s stock worth $616,000 after purchasing an additional 12,859 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of Host Hotels & Resorts by 21.2% during the third quarter. Metis Global Partners LLC now owns 94,892 shares of the company’s stock worth $1,670,000 after purchasing an additional 16,627 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Host Hotels & Resorts by 8.1% during the third quarter. CIBC Asset Management Inc now owns 102,581 shares of the company’s stock worth $1,805,000 after purchasing an additional 7,672 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of Host Hotels & Resorts by 113.8% during the third quarter. Muzinich & Co. Inc. now owns 6,047 shares of the company’s stock worth $106,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Host Hotels & Resorts by 0.4% during the third quarter. Swiss National Bank now owns 2,091,679 shares of the company’s stock worth $36,814,000 after purchasing an additional 8,700 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $20.21.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $14.91 on Monday. The firm’s 50 day moving average is $16.52 and its two-hundred day moving average is $17.39. Host Hotels & Resorts, Inc. has a 52 week low of $14.47 and a 52 week high of $21.27. The firm has a market capitalization of $10.42 billion, a P/E ratio of 15.06 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating 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 business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend is Monday, March 31st. 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.