Intech Investment Management LLC Sells 487,235 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Intech Investment Management LLC decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 86.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 74,750 shares of the company’s stock after selling 487,235 shares during the period. Intech Investment Management LLC’s holdings in Host Hotels & Resorts were worth $1,316,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HST. Aurora Investment Counsel boosted its position in Host Hotels & Resorts by 5.2% during the 3rd quarter. Aurora Investment Counsel now owns 101,313 shares of the company’s stock valued at $1,783,000 after buying an additional 5,005 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Host Hotels & Resorts by 11.6% during the third quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock valued at $326,000 after acquiring an additional 1,929 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Host Hotels & Resorts during the third quarter worth about $336,000. Banque Cantonale Vaudoise grew its stake in shares of Host Hotels & Resorts by 193.3% in the third quarter. Banque Cantonale Vaudoise now owns 47,437 shares of the company’s stock worth $835,000 after purchasing an additional 31,261 shares during the last quarter. Finally, Caprock Group LLC increased its holdings in Host Hotels & Resorts by 412.3% during the 3rd quarter. Caprock Group LLC now owns 93,268 shares of the company’s stock valued at $1,660,000 after purchasing an additional 75,062 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HST shares. Evercore ISI dropped their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. UBS Group reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Stock Down 0.6 %

HST stock opened at $18.31 on Wednesday. The business has a 50 day moving average of $17.82 and a 200 day moving average of $17.66. The firm has a market cap of $12.80 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month 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 issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

About Host Hotels & Resorts

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.