Vestcor Inc Sells 250,964 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Vestcor Inc cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 93.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,517 shares of the company’s stock after selling 250,964 shares during the quarter. Vestcor Inc’s holdings in Host Hotels & Resorts were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. State Street Corp lifted its stake in shares of Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after buying an additional 950,431 shares in the last quarter. Geode Capital Management LLC raised its holdings in Host Hotels & Resorts by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after acquiring an additional 180,904 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Host Hotels & Resorts by 16.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after acquiring an additional 2,261,877 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Host Hotels & Resorts by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company’s stock worth $181,685,000 after acquiring an additional 69,198 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Host Hotels & Resorts by 537.4% in 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 worth $121,318,000 after acquiring an additional 5,811,722 shares during the period. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on HST shares. Stifel Nicolaus decreased their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Citigroup decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday. Wells Fargo & Company cut their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. UBS Group decreased their target price on shares of 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, Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $20.12.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $15.30 on Tuesday. The company has a market capitalization of $10.70 billion, a PE ratio of 15.45 and a beta of 1.30. Host Hotels & Resorts, Inc. has a twelve month low of $14.47 and a twelve month high of $21.27. The firm has a fifty day simple moving average of $16.48 and a two-hundred day simple moving average of $17.38. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last posted 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 during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.23%. Host Hotels & Resorts’s dividend payout ratio is currently 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.