Associated Banc Corp Has $368,000 Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Associated Banc Corp cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,985 shares of the company’s stock after selling 1,690 shares during the quarter. Associated Banc Corp’s holdings in Host Hotels & Resorts were worth $368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HST. National Pension Service acquired a new position in Host Hotels & Resorts during the fourth quarter worth $26,000. Jones Financial Companies Lllp increased its position in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Host Hotels & Resorts by 94.9% during the fourth 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 last quarter. Kestra Investment Management LLC acquired a new position in Host Hotels & Resorts during the fourth quarter worth $40,000. Finally, Eastern Bank acquired a new position in Host Hotels & Resorts during the fourth quarter worth $45,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HST has been the topic of several analyst reports. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Stifel Nicolaus lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. 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 research report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, Raymond James lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $20.21.

Host Hotels & Resorts Stock Up 2.7 %

NASDAQ HST opened at $14.91 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The firm has a 50-day simple moving average of $16.52 and a 200 day simple moving average of $17.39. Host Hotels & Resorts, Inc. has a twelve month low of $14.47 and a twelve month high of $21.27. The stock has a market cap of $10.42 billion, a PE ratio of 15.06 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is presently 80.81%.

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.