Shares of Host Hotels & Resorts Inc. (NYSE:HST) traded down 4.1% on Wednesday . The company traded as low as $16.22 and last traded at $16.46, with a volume of 9,713,320 shares. The stock had previously closed at $17.16.

A number of brokerages recently issued reports on HST. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Wednesday. Deutsche Bank AG reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a research report on Sunday, June 26th. Raymond James Financial Inc. raised shares of Host Hotels & Resorts from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 18th. Canaccord Genuity reissued a “hold” rating on shares of Host Hotels & Resorts in a report on Saturday, April 30th. Finally, TheStreet raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Thursday, March 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. Host Hotels & Resorts has an average rating of “Hold” and an average price target of $17.97.

The firm has a market capitalization of $12.32 billion and a price-to-earnings ratio of 19.39. The stock’s 50 day moving average is $15.96 and its 200 day moving average is $15.47.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Friday, April 29th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.03. During the same quarter in the prior year, the firm earned $0.35 EPS. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. The company’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Host Hotels & Resorts Inc. will post $1.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.85%.

Several large investors have recently added to or reduced their stakes in the stock. TD Asset Management Inc. increased its stake in Host Hotels & Resorts by 1.2% in the fourth quarter. TD Asset Management Inc. now owns 339,412 shares of the company’s stock valued at $5,207,000 after buying an additional 4,000 shares in the last quarter. Gulf International Bank UK Ltd increased its stake in Host Hotels & Resorts by 2.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 217,722 shares of the company’s stock valued at $3,340,000 after buying an additional 5,640 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in Host Hotels & Resorts by 3.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 200,603 shares of the company’s stock valued at $3,077,000 after buying an additional 7,526 shares in the last quarter. Swiss National Bank increased its stake in Host Hotels & Resorts by 0.8% in the fourth quarter. Swiss National Bank now owns 1,362,269 shares of the company’s stock valued at $20,897,000 after buying an additional 10,300 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Host Hotels & Resorts by 0.6% in the fourth quarter. New York State Common Retirement Fund now owns 2,108,687 shares of the company’s stock valued at $32,347,000 after buying an additional 12,500 shares in the last quarter.

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.