Ensign Peak Advisors Inc Sells 125,664 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ensign Peak Advisors Inc cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 22.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 433,545 shares of the company’s stock after selling 125,664 shares during the period. Ensign Peak Advisors Inc’s holdings in Host Hotels & Resorts were worth $7,596,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HST. National Pension Service acquired a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its holdings in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after buying an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $40,000. Finally, Eastern Bank acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $45,000. 98.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HST shares. Truist Financial cut their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.90.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $15.76 on Wednesday. The stock has a market capitalization of $10.93 billion, a PE ratio of 15.92 and a beta of 1.29. 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 business has a fifty day moving average price of $14.36 and a two-hundred day moving average price of $16.35. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.08%. Host Hotels & Resorts’s dividend payout ratio is presently 83.33%.

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.