Thrivent Financial for Lutherans Trims Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Thrivent Financial for Lutherans cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,155 shares of the company’s stock after selling 8,468 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Host Hotels & Resorts were worth $739,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. National Pension Service purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $26,000. Jones Financial Companies Lllp raised its holdings 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 purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings 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 valued at $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $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.

Host Hotels & Resorts Price Performance

HST opened at $14.65 on Thursday. Host Hotels & Resorts, Inc. has a 1 year low of $13.83 and a 1 year high of $20.73. The stock has a fifty day moving average price of $15.91 and a 200 day moving average price of $17.17. 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 stock has a market cap of $10.24 billion, a price-to-earnings ratio of 14.80 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data 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. 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 analyst estimates of $1.37 billion. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.46%. Host Hotels & Resorts’s payout ratio is presently 80.81%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Wells Fargo & Company dropped their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. UBS Group decreased their price objective 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. Finally, Raymond James dropped 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 report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Company 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.