Keybank National Association OH Sells 6,631 Shares of Host Hotels & Resorts, Inc. $HST

Keybank National Association OH cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,198 shares of the company’s stock after selling 6,631 shares during the period. Keybank National Association OH’s holdings in Host Hotels & Resorts were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in Host Hotels & Resorts by 11.1% during the first quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock valued at $356,088,000 after buying an additional 2,503,550 shares during the last quarter. Centersquare Investment Management LLC boosted its stake in Host Hotels & Resorts by 1.7% during the first quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock valued at $159,661,000 after buying an additional 183,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Host Hotels & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock valued at $107,342,000 after buying an additional 227,202 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Host Hotels & Resorts by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock valued at $74,027,000 after buying an additional 1,019,345 shares during the last quarter. Finally, Nuveen LLC bought a new position in Host Hotels & Resorts during the first quarter valued at approximately $69,989,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective for the company. UBS Group raised their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a research note on Wednesday, October 8th. Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Evercore ISI raised their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Host Hotels & Resorts Trading Down 0.5%

Shares of NASDAQ HST opened at $16.05 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The business’s 50 day moving average price is $16.92 and its 200-day moving average price is $16.04. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a market cap of $11.04 billion, a price-to-earnings ratio of 17.07 and a beta of 1.36.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 85.11%.

About Host Hotels & Resorts

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.