Atria Wealth Solutions Inc. Takes $146,000 Position in Host Hotels & Resorts, Inc. $HST

Atria Wealth Solutions Inc. purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,141 shares of the company’s stock, valued at approximately $146,000.

Other hedge funds have also modified their holdings of the company. NBC Securities Inc. lifted its holdings in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after buying an additional 1,852 shares during the period. Versant Capital Management Inc lifted its holdings in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after buying an additional 2,047 shares during the period. IFP Advisors Inc lifted its holdings in Host Hotels & Resorts by 28.4% in the first quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock valued at $52,000 after buying an additional 807 shares during the period. Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock valued at $62,000 after buying an additional 1,906 shares during the period. Finally, Rossby Financial LCC acquired a new position in Host Hotels & Resorts in the first quarter valued at approximately $66,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HST shares. Morgan Stanley restated an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI increased their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Stifel Nicolaus increased their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $17.50.

Host Hotels & Resorts Trading Down 1.6%

Shares of NASDAQ:HST opened at $15.72 on Monday. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $15.92 and its 200 day simple moving average is $15.38. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 16.72 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. As a group, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.1%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 85.11%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.