Cornercap Investment Counsel Inc. Sells 37,926 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Cornercap Investment Counsel Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 48.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,645 shares of the company’s stock after selling 37,926 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Host Hotels & Resorts were worth $698,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in Host Hotels & Resorts by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock valued at $414,000 after purchasing an additional 5,124 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Host Hotels & Resorts by 23.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after buying an additional 39,340 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Host Hotels & Resorts by 4.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock worth $18,247,000 after buying an additional 34,179 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after buying an additional 55,654 shares in the last quarter. Finally, Intech Investment Management LLC grew its position in Host Hotels & Resorts by 79.5% during the first quarter. Intech Investment Management LLC now owns 431,733 shares of the company’s stock valued at $8,928,000 after acquiring an additional 191,249 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HST. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. UBS Group cut their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday. Oppenheimer decreased their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Trading Down 1.1 %

Shares of HST opened at $17.26 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. The firm’s 50-day moving average price is $17.72 and its 200-day moving average price is $17.71. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.61 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data 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). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm posted $0.41 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.