Vanderbilt University Sells 3,663 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vanderbilt University trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,703 shares of the company’s stock after selling 3,663 shares during the period. Vanderbilt University’s holdings in Host Hotels & Resorts were worth $777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cohen & Steers Inc. raised 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 purchasing an additional 3,932,928 shares during the period. Norges Bank acquired a new position in shares of Host Hotels & Resorts during the fourth quarter worth approximately $807,878,000. JPMorgan Chase & Co. raised its position in shares of Host Hotels & Resorts by 1.8% during the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after purchasing an additional 643,450 shares during the period. Invesco Ltd. raised its position in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock worth $395,171,000 after purchasing an additional 4,460,468 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Host Hotels & Resorts by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company’s stock worth $336,539,000 after purchasing an additional 350,634 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Up 1.0%

Shares of NASDAQ:HST opened at $15.73 on Friday. The company has a market capitalization of $10.91 billion, a PE ratio of 16.39 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. The business has a fifty day moving average price of $14.89 and a two-hundred day moving average price of $15.91. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 EPS. 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.09%. Host Hotels & Resorts’s payout ratio is 83.33%.

Analysts Set New Price Targets

HST has been the topic of a number of research reports. Truist Financial lowered their target price 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. Evercore ISI reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Citigroup lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Jefferies Financial Group lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.27.

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.