QRG Capital Management Inc. Has $12.25 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

QRG Capital Management Inc. reduced its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 62.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 699,345 shares of the company’s stock after selling 1,141,156 shares during the period. QRG Capital Management Inc. owned about 0.10% of Host Hotels & Resorts worth $12,253,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. National Pension Service acquired a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at $40,000. Eastern Bank bought a new stake in Host Hotels & Resorts in the fourth quarter valued at $45,000. Finally, Farther Finance Advisors LLC raised its stake in Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 0.1 %

Shares of HST opened at $16.00 on Friday. The stock’s fifty day simple moving average is $17.01 and its 200-day simple moving average is $17.47. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $11.18 billion, a PE ratio of 16.16 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $15.71 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for 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%. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HST shares. UBS Group lowered 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. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Raymond James cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Profile

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.