Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 311,553 shares of the company’s stock after selling 6,773 shares during the quarter. IFM Investors Pty Ltd’s holdings in Host Hotels & Resorts were worth $5,483,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Impact Partnership Wealth LLC grew its stake in Host Hotels & Resorts by 11.5% during the third quarter. Impact Partnership Wealth LLC now owns 26,413 shares of the company’s stock worth $465,000 after buying an additional 2,717 shares during the period. International Assets Investment Management LLC boosted its position in Host Hotels & Resorts by 1,549.8% during the 3rd quarter. International Assets Investment Management LLC now owns 13,693 shares of the company’s stock worth $2,410,000 after purchasing an additional 12,863 shares during the period. Commerzbank Aktiengesellschaft FI increased its holdings in Host Hotels & Resorts by 4.6% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 49,608 shares of the company’s stock valued at $874,000 after purchasing an additional 2,183 shares in the last quarter. Maryland Capital Advisors Inc. purchased a new position in Host Hotels & Resorts in the third quarter valued at about $90,000. Finally, Signaturefd LLC boosted its position in shares of Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after buying an additional 1,198 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

HST opened at $17.58 on Friday. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $17.56 and its 200 day moving average price is $17.88. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Robert W. Baird lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. 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 research note on Thursday, August 1st. Evercore ISI lowered their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.29.

Host Hotels & Resorts 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.