Bessemer Group Inc. Acquires 9,674 Shares of Host Hotels & Resorts, Inc. $HST

Bessemer Group Inc. grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 117.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,904 shares of the company’s stock after buying an additional 9,674 shares during the period. Bessemer Group Inc.’s holdings in Host Hotels & Resorts were worth $275,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Invesco Ltd. boosted its holdings in shares of Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Host Hotels & Resorts by 1.7% in the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock worth $159,661,000 after purchasing an additional 183,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Host Hotels & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock worth $107,342,000 after purchasing an additional 227,202 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Host Hotels & Resorts by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock worth $74,027,000 after purchasing an additional 1,019,345 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Host Hotels & Resorts in the 1st quarter worth $69,989,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent research reports. Truist Financial increased their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. UBS Group increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Trading Up 0.7%

NASDAQ HST opened at $16.13 on Tuesday. The firm has a market capitalization of $11.09 billion, a P/E ratio of 17.16 and a beta of 1.36. The business has a fifty day simple moving average of $16.94 and a 200 day simple moving average of $16.02. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts Announces Dividend

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