BNP Paribas Financial Markets Has $14.14 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BNP Paribas Financial Markets cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 803,143 shares of the company’s stock after selling 321,532 shares during the period. BNP Paribas Financial Markets’ holdings in Host Hotels & Resorts were worth $14,135,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after purchasing an additional 113,761 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Host Hotels & Resorts by 66.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares during the period. Swedbank AB lifted its stake in Host Hotels & Resorts by 1.1% in the third quarter. Swedbank AB now owns 763,921 shares of the company’s stock valued at $13,445,000 after buying an additional 8,341 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Host Hotels & Resorts by 23.0% in the third quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock valued at $545,000 after buying an additional 5,778 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. UBS Group reduced their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Finally, Robert W. Baird lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.42 on Monday. The company has a market cap of $12.88 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32. The firm has a 50-day moving average of $17.82 and a 200-day moving average of $17.66. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90.

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

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

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.