MBB Public Markets I LLC acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,840 shares of the company’s stock, valued at approximately $932,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its position in Host Hotels & Resorts by 27.7% in the 4th quarter. Corient Private Wealth LLC now owns 53,842 shares of the company’s stock valued at $1,048,000 after acquiring an additional 11,676 shares during the period. TD Asset Management Inc increased its position in Host Hotels & Resorts by 5.1% in the 4th quarter. TD Asset Management Inc now owns 236,035 shares of the company’s stock valued at $4,596,000 after acquiring an additional 11,518 shares during the period. Treasurer of the State of North Carolina increased its position in Host Hotels & Resorts by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 332,469 shares of the company’s stock valued at $6,473,000 after acquiring an additional 3,040 shares during the period. Bank of Nova Scotia increased its position in Host Hotels & Resorts by 121.8% in the 4th quarter. Bank of Nova Scotia now owns 87,660 shares of the company’s stock valued at $1,707,000 after acquiring an additional 48,146 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Host Hotels & Resorts by 4.1% during the fourth quarter. California State Teachers Retirement System now owns 1,229,606 shares of the company’s stock worth $23,940,000 after buying an additional 48,709 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently weighed in on HST. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Evercore ISI decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Robert W. Baird decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.
Host Hotels & Resorts Stock Down 2.9 %
Host Hotels & Resorts stock opened at $17.60 on Tuesday. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The firm’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $18.23. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.
Host Hotels & Resorts Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.
Host Hotels & Resorts Profile
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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.
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