Los Angeles Capital Management LLC Sells 1,338,081 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Los Angeles Capital Management LLC cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 98.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,427 shares of the company’s stock after selling 1,338,081 shares during the period. Los Angeles Capital Management LLC’s holdings in Host Hotels & Resorts were worth $395,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BROOKFIELD Corp ON bought a new stake in Host Hotels & Resorts during the 1st quarter valued at $25,000. Blue Trust Inc. increased its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after acquiring an additional 1,002 shares during the period. Global X Japan Co. Ltd. purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $30,000. Farther Finance Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after acquiring an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $51,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HST has been the topic of a number of analyst reports. Truist Financial cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Stifel Nicolaus cut their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Oppenheimer cut their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Finally, UBS Group cut their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Stock Down 1.1 %

Shares of HST opened at $17.26 on Monday. 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 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.55 and a beta of 1.32. The stock’s 50-day moving average price is $17.72 and its 200-day moving average price is $17.69.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Host Hotels & Resorts Company 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.