PGGM Investments Sells 2,949 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

PGGM Investments reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,110,579 shares of the company’s stock after selling 2,949 shares during the period. PGGM Investments owned approximately 0.44% of Host Hotels & Resorts worth $54,497,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Host Hotels & Resorts by 537.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after acquiring an additional 5,811,722 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of 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 purchasing an additional 5,466,629 shares in the last quarter. KBC Group NV increased its position in shares of Host Hotels & Resorts by 155.2% during the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after purchasing an additional 3,412,589 shares during the period. Duff & Phelps Investment Management Co. raised its stake in shares of Host Hotels & Resorts by 92.9% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after purchasing an additional 1,331,407 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Host Hotels & Resorts in the fourth quarter worth $17,586,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Down 1.5 %

NASDAQ HST opened at $15.11 on Thursday. The stock’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $17.43. 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 one year low of $15.00 and a one year high of $21.27. The firm has a market cap of $10.56 billion, a PE ratio of 15.26 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 for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.29%. Host Hotels & Resorts’s payout ratio is 80.81%.

Analysts Set New Price Targets

HST has been the topic of several analyst reports. Wells Fargo & Company lowered their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Raymond James lowered their target price 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. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group decreased their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.21.

Host Hotels & Resorts Profile

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.