Ritholtz Wealth Management Decreases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ritholtz Wealth Management reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 30.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,978 shares of the company’s stock after selling 32,095 shares during the quarter. Ritholtz Wealth Management’s holdings in Host Hotels & Resorts were worth $1,051,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $26,000. NBC Securities Inc. grew its stake in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares during the period. Versant Capital Management Inc grew its stake in shares of Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after purchasing an additional 2,047 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $40,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Down 0.4%

Shares of HST opened at $15.57 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.08 and a quick ratio of 2.08. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37. The company has a 50 day simple moving average of $14.81 and a two-hundred day simple moving average of $15.93. The firm has a market cap of $10.80 billion, a P/E ratio of 16.22 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.14%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 83.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Jefferies Financial Group downgraded 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 note on Wednesday, April 9th. Morgan Stanley cut their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $18.27.

Host Hotels & Resorts Company 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.