Cerity Partners LLC Has $508,000 Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cerity Partners LLC trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,917 shares of the company’s stock after selling 2,027 shares during the period. Cerity Partners LLC’s holdings in Host Hotels & Resorts were worth $508,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp increased its stake 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 period. MassMutual Private Wealth & Trust FSB raised its position in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Host Hotels & Resorts during the fourth quarter valued at $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the fourth quarter valued at about $45,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Jefferies Financial Group cut Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $19.17.

Host Hotels & Resorts Trading Down 1.1 %

HST opened at $13.51 on Tuesday. The stock has a market capitalization of $9.37 billion, a P/E ratio of 13.65 and a beta of 1.26. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.87. The firm’s fifty day simple moving average is $14.93 and its 200 day simple moving average is $16.70.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for 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, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.92%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.