Millennium Management LLC Trims Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Millennium Management LLC reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,365,848 shares of the company’s stock after selling 1,922,946 shares during the quarter. Millennium Management LLC’s holdings in Host Hotels & Resorts were worth $42,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HST. LSV Asset Management lifted its position in Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares during the period. Daiwa Securities Group Inc. lifted its position in Host Hotels & Resorts by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after buying an additional 489,415 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Host Hotels & Resorts by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock worth $104,014,000 after purchasing an additional 63,669 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Host Hotels & Resorts by 103.2% in the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HST. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. Stifel Nicolaus lowered their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Evercore ISI lowered their target price 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. Truist Financial lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird lowered their price objective 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Host Hotels & Resorts Price Performance

Shares of HST opened at $17.55 on Wednesday. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.67 and a beta of 1.32. The stock has a 50 day moving average of $17.19 and a 200-day moving average of $18.21. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

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.