Spirit of America Management Corp NY Trims Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Spirit of America Management Corp NY lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,900 shares of the company’s stock after selling 8,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Host Hotels & Resorts were worth $699,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HST. MassMutual Private Wealth & Trust FSB raised its position in shares of Host Hotels & Resorts by 94.9% in 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. Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the 4th quarter worth $45,000. Farther Finance Advisors LLC raised its position in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares during the period. Signaturefd LLC raised its position in shares of Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after buying an additional 1,198 shares during the period. Finally, Mendota Financial Group LLC raised its position in shares of Host Hotels & Resorts by 27.1% in the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after buying an additional 842 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HST shares. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.96.

Host Hotels & Resorts Stock Down 0.6 %

Shares of Host Hotels & Resorts stock opened at $16.39 on Wednesday. The business has a 50-day moving average of $17.72 and a 200-day moving average of $17.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company has a market capitalization of $11.46 billion, a PE ratio of 15.91 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion for 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 was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 earnings per share. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.88%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

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.