Signet Financial Management LLC Decreases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Signet Financial Management LLC cut its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,880 shares of the company’s stock after selling 3,139 shares during the period. Signet Financial Management LLC’s holdings in Host Hotels & Resorts were worth $646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after purchasing an additional 113,761 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Host Hotels & Resorts by 123.4% in the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after purchasing an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Host Hotels & Resorts during the third quarter worth approximately $540,000. DekaBank Deutsche Girozentrale boosted its stake in Host Hotels & Resorts by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock worth $11,351,000 after buying an additional 32,586 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in Host Hotels & Resorts in the 3rd quarter valued at $4,775,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HST shares. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. UBS Group dropped 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 note on Friday, November 15th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Finally, Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $21.04.

Host Hotels & Resorts Stock Up 0.5 %

NASDAQ:HST opened at $17.16 on Tuesday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock’s fifty day moving average is $17.99 and its two-hundred day moving average is $17.64. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 16.66 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 earnings per share. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.66%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Host Hotels & Resorts Profile

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.