Commerce Bank Sells 952 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commerce Bank reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,497 shares of the company’s stock after selling 952 shares during the quarter. Commerce Bank’s holdings in Host Hotels & Resorts were worth $466,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HST. KBC Group NV raised its holdings in Host Hotels & Resorts by 207.9% during the 3rd quarter. KBC Group NV now owns 2,198,392 shares of the company’s stock valued at $38,692,000 after buying an additional 1,484,370 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after acquiring an additional 1,339,458 shares during the period. LSV Asset Management lifted its holdings in shares of Host Hotels & Resorts by 11.7% in the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after acquiring an additional 965,100 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Host Hotels & Resorts by 285.7% during the 2nd quarter. National Bank of Canada FI now owns 1,131,323 shares of the company’s stock worth $19,945,000 after purchasing an additional 838,005 shares during the period. Finally, Swedbank AB purchased a new stake in Host Hotels & Resorts in the 1st quarter worth about $15,509,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Down 0.6 %

Shares of NASDAQ:HST opened at $18.31 on Wednesday. The company has a market capitalization of $12.80 billion, a PE ratio of 17.78, a P/E/G ratio of 1.65 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31. The business’s fifty day simple moving average is $17.82 and its 200-day simple moving average is $17.66.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HST shares. Stifel Nicolaus dropped their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Oppenheimer dropped their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Robert W. Baird decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.32.

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.