US Bancorp DE Sells 2,230 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

US Bancorp DE lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,193 shares of the company’s stock after selling 2,230 shares during the period. US Bancorp DE’s holdings in Host Hotels & Resorts were worth $457,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Arkadios Wealth Advisors bought a new position in Host Hotels & Resorts during the 1st quarter worth about $196,000. Banque Cantonale Vaudoise bought a new position in Host Hotels & Resorts during the 1st quarter worth about $1,071,000. Picton Mahoney Asset Management increased its holdings in Host Hotels & Resorts by 18.7% during the 1st quarter. Picton Mahoney Asset Management now owns 588,864 shares of the company’s stock worth $8,368,000 after purchasing an additional 92,915 shares in the last quarter. Mackenzie Financial Corp increased its holdings in Host Hotels & Resorts by 66.0% during the 1st quarter. Mackenzie Financial Corp now owns 142,119 shares of the company’s stock worth $2,020,000 after purchasing an additional 56,515 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Host Hotels & Resorts by 5.5% during the 1st quarter. LPL Financial LLC now owns 140,729 shares of the company’s stock worth $2,000,000 after purchasing an additional 7,299 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the subject of several analyst reports. Evercore ISI raised their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price objective for the company. Stifel Nicolaus raised their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Morgan Stanley restated an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their price objective on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $17.50.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $15.75 on Wednesday. The firm’s fifty day moving average price is $15.90 and its two-hundred day moving average price is $15.41. The stock has a market cap of $10.83 billion, a PE ratio of 16.76 and a beta of 1.34. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data 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 net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 5.1%. Host Hotels & Resorts’s payout ratio is presently 85.11%.

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.