D.A. Davidson & CO. Makes New $274,000 Investment in Host Hotels & Resorts, Inc. $HST

D.A. Davidson & CO. acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,828 shares of the company’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of HST. Armstrong Advisory Group Inc. lifted its holdings in Host Hotels & Resorts by 953.5% in the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after buying an additional 1,516 shares during the period. TD Private Client Wealth LLC lifted its holdings in Host Hotels & Resorts by 50.0% in the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after buying an additional 691 shares during the period. AlphaQuest LLC purchased a new stake in Host Hotels & Resorts in the first quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new stake in Host Hotels & Resorts in the second quarter worth about $33,000. Finally, Brooklyn Investment Group lifted its holdings in Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock worth $34,000 after buying an additional 1,845 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HST has been the subject of several research analyst reports. Truist Financial raised their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Stifel Nicolaus raised their price objective 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. Weiss Ratings restated a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Evercore ISI raised their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.88.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.08 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a 50 day simple moving average of $16.97 and a two-hundred day simple moving average of $15.96. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 17.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.0%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 85.11%.

About Host Hotels & Resorts

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.