Wedmont Private Capital Purchases New Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wedmont Private Capital purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,879 shares of the company’s stock, valued at approximately $186,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DnB Asset Management AS grew its stake in Host Hotels & Resorts by 15.4% during the second quarter. DnB Asset Management AS now owns 140,555 shares of the company’s stock worth $2,204,000 after buying an additional 18,771 shares in the last quarter. Verition Fund Management LLC grew its stake in Host Hotels & Resorts by 61.4% during the first quarter. Verition Fund Management LLC now owns 92,715 shares of the company’s stock worth $1,801,000 after buying an additional 35,255 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Host Hotels & Resorts by 35.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,791 shares of the company’s stock worth $1,919,000 after buying an additional 25,917 shares in the last quarter. Advisory Services Network LLC grew its stake in Host Hotels & Resorts by 9.0% during the first quarter. Advisory Services Network LLC now owns 45,696 shares of the company’s stock worth $888,000 after buying an additional 3,758 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its stake in Host Hotels & Resorts by 3.5% during the first quarter. Neuberger Berman Group LLC now owns 29,372 shares of the company’s stock worth $571,000 after buying an additional 1,003 shares in the last quarter. 98.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HST has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $21.00 in a research note on Monday, August 29th. Barclays reduced their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, July 7th. Oppenheimer assumed coverage on shares of Host Hotels & Resorts in a research note on Wednesday, September 14th. They issued a “market perform” rating and a $21.00 price target on the stock. Truist Financial raised their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, June 1st. Finally, Citigroup raised their price target on shares of Host Hotels & Resorts to $22.00 in a research note on Monday, August 15th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.08.

Host Hotels & Resorts Stock Down 0.7 %

Host Hotels & Resorts stock opened at $17.70 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 11.29 and a current ratio of 11.29. Host Hotels & Resorts, Inc. has a 52-week low of $15.10 and a 52-week high of $21.63. The firm has a 50 day moving average price of $18.18 and a two-hundred day moving average price of $17.71. The firm has a market cap of $12.65 billion, a price-to-earnings ratio of 22.13 and a beta of 1.22.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.12). Host Hotels & Resorts had a return on equity of 8.86% and a net margin of 13.34%. During the same quarter in the prior year, the business posted $0.12 EPS. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.8 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.71%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s payout ratio is currently 30.00%.

Host Hotels & Resorts Profile

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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