Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,391 shares of the company’s stock after selling 709 shares during the period. Plato Investment Management Ltd’s holdings in Host Hotels & Resorts were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. BROOKFIELD Corp ON purchased a new position in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $25,000. Blue Trust Inc. raised its holdings in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after buying an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts during the second quarter worth $30,000. Farther Finance Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $51,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.46 on Friday. The stock has a market capitalization of $12.21 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $17.71 and its 200-day moving average price is $17.72.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 earnings per share. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.58%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 77.67%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on HST shares. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Evercore ISI decreased their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price 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.