Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Comerica Bank

Comerica Bank boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,717 shares of the company’s stock after acquiring an additional 6,921 shares during the period. Comerica Bank’s holdings in Host Hotels & Resorts were worth $3,706,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. US Bancorp DE raised its holdings in shares of Host Hotels & Resorts by 2.5% during the first quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after purchasing an additional 1,066 shares during the period. HighTower Advisors LLC acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth $215,000. Cetera Advisor Networks LLC grew its position in shares of Host Hotels & Resorts by 7.6% during the first quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock worth $285,000 after acquiring an additional 1,034 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Host Hotels & Resorts during the first quarter worth about $624,000. Finally, Panagora Asset Management Inc. grew its position in shares of Host Hotels & Resorts by 82.0% during the first quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock worth $1,656,000 after acquiring an additional 38,385 shares during the last quarter. 97.07% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $17.01 on Monday. Host Hotels & Resorts, Inc. has a twelve month low of $15.10 and a twelve month high of $21.63. The company has a current ratio of 8.73, a quick ratio of 8.73 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $17.33 and a 200-day moving average of $17.58. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 15.05 and a beta of 1.25.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.48 annualized dividend and a dividend yield of 2.82%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 42.48%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. TheStreet upgraded shares of Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Friday, October 28th. StockNews.com assumed coverage on shares of Host Hotels & Resorts in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, December 5th. They set an “equal weight” rating and a $20.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $22.27.

Host Hotels & Resorts Profile

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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.