Moran Wealth Management LLC Has $1.22 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Moran Wealth Management LLC cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 69,739 shares of the company’s stock after selling 2,383 shares during the quarter. Moran Wealth Management LLC’s holdings in Host Hotels & Resorts were worth $1,222,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of HST. State Street Corp lifted its position in shares of Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares in the last quarter. Geode Capital Management LLC increased its stake in Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after buying an additional 180,904 shares during the period. Daiwa Securities Group Inc. lifted its position in Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after buying an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Host Hotels & Resorts by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company’s stock valued at $181,685,000 after buying an additional 69,198 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after acquiring an additional 5,811,722 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $15.34 on Wednesday. The firm has a market capitalization of $10.72 billion, a PE ratio of 15.49 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 1 year low of $15.26 and a 1 year high of $21.27. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $16.68 and its 200 day simple moving average is $17.44.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly 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 the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HST. UBS Group cut their price objective 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. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus cut their price objective 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. Finally, Raymond James reduced 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. 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 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.