Truist Financial Corp Decreases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Truist Financial Corp trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 5.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 24,439 shares of the company’s stock after selling 1,354 shares during the period. Truist Financial Corp’s holdings in Host Hotels & Resorts were worth $388,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Jacobi Capital Management LLC increased its holdings in shares of Host Hotels & Resorts by 1.9% during the second quarter. Jacobi Capital Management LLC now owns 29,485 shares of the company’s stock valued at $462,000 after acquiring an additional 563 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Host Hotels & Resorts by 0.3% during the third quarter. State of Michigan Retirement System now owns 193,529 shares of the company’s stock valued at $3,073,000 after acquiring an additional 600 shares in the last quarter. Meeder Asset Management Inc. increased its holdings in shares of Host Hotels & Resorts by 2.8% during the second quarter. Meeder Asset Management Inc. now owns 21,719 shares of the company’s stock valued at $341,000 after acquiring an additional 601 shares in the last quarter. United Capital Financial Advisers LLC increased its holdings in shares of Host Hotels & Resorts by 3.2% during the second quarter. United Capital Financial Advisers LLC now owns 20,085 shares of the company’s stock valued at $315,000 after acquiring an additional 615 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Host Hotels & Resorts by 1.8% during the second quarter. Virtu Financial LLC now owns 39,944 shares of the company’s stock valued at $626,000 after acquiring an additional 721 shares in the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

Analysts Set New Price Targets

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

Host Hotels & Resorts Trading Up 0.9 %

Host Hotels & Resorts stock opened at $18.13 on Wednesday. Host Hotels & Resorts, Inc. has a 12 month low of $15.10 and a 12 month high of $21.63. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 16.04 and a beta of 1.25. 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 stock has a 50 day moving average of $17.29.

Host Hotels & Resorts Dividend Announcement

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

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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