Man Group plc Sells 412,754 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Man Group plc cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,689,156 shares of the company’s stock after selling 412,754 shares during the period. Man Group plc’s holdings in Host Hotels & Resorts were worth $47,114,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Freedom Investment Management Inc. increased its holdings in Host Hotels & Resorts by 2.9% in the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock valued at $389,000 after purchasing an additional 622 shares during the period. Savant Capital LLC increased its holdings in Host Hotels & Resorts by 2.7% in the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after purchasing an additional 634 shares during the period. Evergreen Wealth Solutions LLC increased its holdings in Host Hotels & Resorts by 5.3% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock valued at $227,000 after purchasing an additional 651 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in Host Hotels & Resorts by 1.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock worth $1,297,000 after acquiring an additional 746 shares during the period. Finally, Ieq Capital LLC grew its holdings in Host Hotels & Resorts by 7.3% during the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock worth $233,000 after acquiring an additional 899 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Evercore ISI decreased their price target on Host Hotels & Resorts from $20.00 to $18.00 and set an “outperform” rating for the company in a report on Monday, April 28th. Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Jefferies Financial Group downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Raymond James decreased 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.90.

Host Hotels & Resorts Price Performance

HST stock opened at $15.50 on Thursday. The stock has a market capitalization of $10.75 billion, a PE ratio of 15.66 and a beta of 1.29. The company’s 50-day moving average is $14.34 and its 200-day moving average is $16.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results 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. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.16%. Host Hotels & Resorts’s payout ratio is 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.