Leeward Investments LLC MA Sells 65,194 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Leeward Investments LLC MA cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,036 shares of the company’s stock after selling 65,194 shares during the period. Leeward Investments LLC MA’s holdings in Host Hotels & Resorts were worth $4,418,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norden Group LLC bought a new stake in Host Hotels & Resorts during the first quarter worth about $616,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Host Hotels & Resorts by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 148,432 shares of the company’s stock worth $3,070,000 after purchasing an additional 18,389 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Host Hotels & Resorts by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock valued at $414,000 after buying an additional 5,124 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Host Hotels & Resorts during the first quarter worth $77,000. Finally, Duality Advisers LP bought a new stake in Host Hotels & Resorts during the first quarter worth $205,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Evercore ISI cut their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Oppenheimer decreased their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $18.00 on Friday. The business has a fifty day moving average price of $17.64 and a two-hundred day moving average price of $17.76. The stock has a market capitalization of $12.64 billion, a PE ratio of 16.82, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.44%. Host Hotels & Resorts’s dividend payout ratio is 74.77%.

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.