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

HST has been the subject of a number of recent analyst reports. Credit Suisse Group AG reiterated a “neutral” rating and issued a $16.00 price target (up previously from $15.00) on shares of Host Hotels & Resorts in a research note on Wednesday, March 23rd. Evercore ISI increased their price target on shares of Host Hotels & Resorts to $17.00 in a research note on Monday, March 21st. TheStreet upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Thursday, March 31st. Raymond James Financial Inc. upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 18th. Finally, Stifel Nicolaus initiated coverage on shares of Host Hotels & Resorts in a research note on Tuesday, March 29th. They issued a “buy” rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. Host Hotels & Resorts presently has an average rating of “Hold” and an average target price of $17.97.

The company has a market cap of $12.59 billion and a P/E ratio of 19.82. The firm’s 50 day moving average price is $16.01 and its 200-day moving average price is $15.48.

Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, April 29th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. During the same period last year, the firm posted $0.35 earnings per share. The company earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Host Hotels & Resorts’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Host Hotels & Resorts Inc. will post $1.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Tuesday, June 28th.

A number of large investors have added to or reduced their stakes in HST. Everett Harris & Co. CA acquired a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $1,160,000. I.G. Investment Management LTD. increased its stake in Host Hotels & Resorts by 63.9% in the fourth quarter. I.G. Investment Management LTD. now owns 75,929 shares of the company’s stock valued at $1,165,000 after buying an additional 29,615 shares during the period. D L Carlson Investment Group Inc. acquired a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $1,424,000. South Dakota Investment Council increased its stake in Host Hotels & Resorts by 26.2% in the fourth quarter. South Dakota Investment Council now owns 110,900 shares of the company’s stock valued at $1,701,000 after buying an additional 23,000 shares during the period. Finally, Eaton Vance Management increased its stake in Host Hotels & Resorts by 13.7% in the fourth quarter. Eaton Vance Management now owns 140,811 shares of the company’s stock valued at $2,160,000 after buying an additional 17,000 shares during the period.

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).

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