Pensionfund Sabic bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 48,843 shares of the company’s stock, valued at approximately $866,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Clearstead Advisors LLC grew its stake in Host Hotels & Resorts by 79.6% in the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Host Hotels & Resorts during the second quarter worth approximately $29,000. Hantz Financial Services Inc. raised its position in shares of Host Hotels & Resorts by 234.1% during the third quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock worth $33,000 after purchasing an additional 1,339 shares during the period. Compagnie Lombard Odier SCmA bought a new position in shares of Host Hotels & Resorts in the 3rd quarter worth $34,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth $32,000. 98.52% of the stock is owned by institutional investors and hedge funds.
Host Hotels & Resorts Stock Up 2.7%
Shares of NASDAQ:HST opened at $19.48 on Thursday. The business’s 50 day moving average is $19.24 and its 200 day moving average is $18.05. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $21.00. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 2.20 and a beta of 1.13. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.77.
Host Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 72.73%.
Analyst Upgrades and Downgrades
HST has been the subject of a number of recent research reports. Cantor Fitzgerald boosted their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Argus raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Wednesday, March 18th. Finally, Barclays assumed coverage on shares of Host Hotels & Resorts in a report on Tuesday, January 6th. They issued an “equal weight” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.08.
Get Our Latest Stock Analysis on HST
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
See Also
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