Natixis Advisors LLC Sells 80,791 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Natixis Advisors LLC cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 19.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 329,661 shares of the company’s stock after selling 80,791 shares during the quarter. Natixis Advisors LLC’s holdings in Host Hotels & Resorts were worth $5,802,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of Host Hotels & Resorts by 645.5% in the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after buying an additional 55,775 shares during the period. Shell Asset Management Co. bought a new position in Host Hotels & Resorts during the first quarter worth $371,000. EntryPoint Capital LLC acquired a new position in shares of Host Hotels & Resorts in the first quarter valued at approximately $95,000. Quadrature Capital Ltd grew its stake in shares of Host Hotels & Resorts by 3.0% in the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after acquiring an additional 790 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Host Hotels & Resorts by 111.7% in the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after buying an additional 866,530 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HST has been the topic of a number of analyst reports. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Truist Financial reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Robert W. Baird decreased their price target 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. Finally, Stifel Nicolaus lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $21.18.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $18.25 on Friday. The company’s fifty day simple moving average is $17.79 and its two-hundred day simple moving average is $17.67. The firm has a market cap of $12.76 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.32. The company has a quick ratio of 2.90, a current 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.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share 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 the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.38%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

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.