Brinker Capital Investments LLC Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Brinker Capital Investments LLC lessened its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 11.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,737 shares of the company’s stock after selling 4,342 shares during the quarter. Brinker Capital Investments LLC’s holdings in Host Hotels & Resorts were worth $552,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brown Brothers Harriman & Co. grew its holdings in Host Hotels & Resorts by 1,921.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after buying an additional 1,249 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Host Hotels & Resorts during the 3rd quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $25,000. Parkside Financial Bank & Trust boosted its holdings in shares of Host Hotels & Resorts by 146.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after purchasing an additional 976 shares during the period. Finally, Glassman Wealth Services boosted its holdings in shares of Host Hotels & Resorts by 317.9% in the 2nd quarter. Glassman Wealth Services now owns 1,747 shares of the company’s stock worth $27,000 after purchasing an additional 1,329 shares during the period. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $18.13 on Wednesday. Host Hotels & Resorts, Inc. has a 52-week low of $15.10 and a 52-week high of $21.63. The company has a debt-to-equity ratio of 0.62, a current ratio of 8.73 and a quick ratio of 8.73. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 16.04 and a beta of 1.25. The business’s 50 day simple moving average is $17.29.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, December 29th. Host Hotels & Resorts’s dividend payout ratio is currently 42.48%.

Analyst Ratings Changes

HST has been the subject of a number of recent research reports. Morgan Stanley dropped their target price on Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. StockNews.com initiated coverage on Host Hotels & Resorts in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, October 25th. Finally, TheStreet upgraded Host Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Friday, October 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $22.18.

Host Hotels & Resorts Company 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.

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

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