New York Life Investment Management LLC Sells 2,409 Shares of Host Hotels & Resorts, Inc. $HST

New York Life Investment Management LLC trimmed its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,680 shares of the company’s stock after selling 2,409 shares during the quarter. New York Life Investment Management LLC’s holdings in Host Hotels & Resorts were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Armstrong Advisory Group Inc. increased its stake in shares of Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after acquiring an additional 1,516 shares in the last quarter. TD Private Client Wealth LLC increased its stake in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $33,000. Sentry Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $37,000. Finally, AlphaQuest LLC bought a new position in shares of Host Hotels & Resorts in the 1st quarter worth about $33,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $16.02 on Friday. The firm’s 50-day moving average price is $16.95 and its 200-day moving average price is $15.97. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.01 billion, a PE ratio of 17.04 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 EPS. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 85.11%.

Wall Street Analyst Weigh In

HST has been the subject of several research reports. Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price objective on the stock. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

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.