Creative Planning Lowers Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Creative Planning trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 41,233 shares of the company’s stock after selling 4,359 shares during the period. Creative Planning’s holdings in Host Hotels & Resorts were worth $726,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. grew its position in Host Hotels & Resorts by 645.5% in the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after purchasing an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co grew its position in Host Hotels & Resorts by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after purchasing an additional 84,687 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Host Hotels & Resorts by 9.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after purchasing an additional 55,654 shares during the period. BNP Paribas Financial Markets grew its position in Host Hotels & Resorts by 11.3% in the 1st quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock worth $30,323,000 after purchasing an additional 149,057 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Host Hotels & Resorts by 23.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after acquiring an additional 39,340 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent research reports. Stifel Nicolaus cut 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. Truist Financial cut their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company cut 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 cut 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. Finally, Robert W. Baird cut 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.29.

Host Hotels & Resorts Trading Up 0.5 %

Host Hotels & Resorts stock opened at $17.33 on Monday. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.17 billion, a PE ratio of 16.20, a P/E/G ratio of 1.54 and a beta of 1.32. The stock’s 50 day simple moving average is $17.62 and its two-hundred day simple moving average is $17.78. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. Host Hotels & Resorts’s payout ratio is 74.77%.

About Host Hotels & Resorts

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.