Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,535 shares of the company’s stock after selling 32,215 shares during the period. Intech Investment Management LLC’s holdings in Host Hotels & Resorts were worth $745,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in shares of Host Hotels & Resorts by 40.9% during the fourth quarter. Signaturefd LLC now owns 5,031 shares of the company’s stock worth $88,000 after acquiring an additional 1,460 shares during the last quarter. Cibc World Markets Corp lifted its position in Host Hotels & Resorts by 11.6% in the 4th quarter. Cibc World Markets Corp now owns 313,810 shares of the company’s stock valued at $5,498,000 after purchasing an additional 32,679 shares during the last quarter. Natixis Advisors LLC boosted its stake in Host Hotels & Resorts by 12.0% during the 4th quarter. Natixis Advisors LLC now owns 369,380 shares of the company’s stock valued at $6,472,000 after purchasing an additional 39,719 shares during the period. Picton Mahoney Asset Management grew its position in Host Hotels & Resorts by 50.2% in the 4th quarter. Picton Mahoney Asset Management now owns 495,949 shares of the company’s stock worth $8,690,000 after purchasing an additional 165,747 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of Host Hotels & Resorts by 202.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 156,768 shares of the company’s stock valued at $2,747,000 after purchasing an additional 104,884 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HST. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Friday. UBS Group decreased their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Raymond James cut their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $14.69 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm’s 50 day moving average is $16.32 and its 200-day moving average is $17.31. Host Hotels & Resorts, Inc. has a 12-month low of $14.25 and a 12-month high of $20.98. The stock has a market capitalization of $10.27 billion, a P/E ratio of 14.84 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.