Allianz Asset Management GmbH Trims Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Allianz Asset Management GmbH reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,386,283 shares of the company’s stock after selling 332,905 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.34% of Host Hotels & Resorts worth $41,808,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp increased its position in Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after purchasing an additional 950,431 shares during the period. Geode Capital Management LLC grew its position in shares of 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 worth $331,698,000 after buying an additional 180,904 shares during the period. Daiwa Securities Group Inc. grew its position in shares of 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 during the period. Charles Schwab Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after buying an additional 181,103 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Host Hotels & Resorts by 537.4% in 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 worth $121,318,000 after buying an additional 5,811,722 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

HST opened at $16.34 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 stock has a market capitalization of $11.42 billion, a P/E ratio of 16.51 and a beta of 1.30. The company’s 50-day simple moving average is $17.18 and its two-hundred day simple moving average is $17.48. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted 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 business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations 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, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group reduced 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. Stifel Nicolaus reduced 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. Raymond James reduced their target price on shares of 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. Finally, Wells Fargo & Company reduced their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently 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.