Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 28.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 206,406 shares of the company’s stock after selling 80,426 shares during the period. Voya Investment Management LLC’s holdings in Host Hotels & Resorts were worth $3,616,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $807,878,000. Invesco Ltd. grew its stake in shares of Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock worth $395,171,000 after acquiring an additional 4,460,468 shares in the last quarter. Cohen & Steers Inc. increased its position in shares of Host Hotels & Resorts by 8.5% during the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock worth $876,115,000 after acquiring an additional 3,932,928 shares during the period. KBC Group NV raised its stake in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Host Hotels & Resorts by 198.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,748,185 shares of the company’s stock valued at $83,190,000 after purchasing an additional 3,158,118 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HST has been the topic of a number of analyst reports. Truist Financial reduced their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Morgan Stanley decreased their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Citigroup dropped their price objective on shares of 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. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, Evercore ISI dropped their target price on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.90.

Host Hotels & Resorts Trading Up 2.9 %

Shares of Host Hotels & Resorts stock opened at $14.53 on Friday. The company’s fifty day moving average is $14.52 and its two-hundred day moving average is $16.51. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. 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 company has a market capitalization of $10.07 billion, a P/E ratio of 14.68 and a beta of 1.26.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.51%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 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.