Cetera Investment Advisers Sells 8,937 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cetera Investment Advisers trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 93,478 shares of the company’s stock after selling 8,937 shares during the quarter. Cetera Investment Advisers’ holdings in Host Hotels & Resorts were worth $1,328,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HST. NBC Securities Inc. boosted its stake in shares of Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after acquiring an additional 1,852 shares during the period. Versant Capital Management Inc boosted its stake in shares of Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $33,000 after acquiring an additional 2,047 shares during the period. IFP Advisors Inc boosted its stake in shares of Host Hotels & Resorts by 28.4% in the first quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock worth $52,000 after acquiring an additional 807 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock worth $62,000 after acquiring an additional 1,906 shares during the period. Finally, Rossby Financial LCC bought a new position in shares of Host Hotels & Resorts in the first quarter worth about $66,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Trading Up 0.5%

Shares of NASDAQ HST opened at $15.35 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $10.55 billion, a P/E ratio of 16.33 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The business has a fifty day moving average price of $15.90 and a 200 day moving average price of $15.42.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.2%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts’s payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HST. Stifel Nicolaus increased their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Evercore ISI increased their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Finally, JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They set a “neutral” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $17.88.

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.