OVERSEA CHINESE BANKING Corp Ltd Trims Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 40.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 167,621 shares of the company’s stock after selling 115,005 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Host Hotels & Resorts were worth $2,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Skandinaviska Enskilda Banken AB publ raised its position in Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after purchasing an additional 1,339,458 shares during the period. LSV Asset Management raised its holdings in shares of Host Hotels & Resorts by 11.7% in the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after buying an additional 965,100 shares during the period. Lazard Asset Management LLC lifted its stake in Host Hotels & Resorts by 111.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock worth $33,963,000 after acquiring an additional 866,530 shares in the last quarter. National Bank of Canada FI lifted its stake in Host Hotels & Resorts by 285.7% during the 2nd quarter. National Bank of Canada FI now owns 1,131,323 shares of the company’s stock worth $19,945,000 after acquiring an additional 838,005 shares in the last quarter. Finally, Swedbank AB purchased a new position in Host Hotels & Resorts during the 1st quarter valued at about $15,509,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Down 0.4 %

HST stock opened at $17.99 on Wednesday. The stock has a market cap of $12.58 billion, a P/E ratio of 17.47, a PEG ratio of 1.64 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The company’s 50 day moving average is $17.66 and its two-hundred day moving average is $17.73.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 earnings per share. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.93 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.45%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Robert W. Baird cut their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Evercore ISI dropped their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.