GLOBALT Investments LLC GA Acquires Shares of 31,852 Host Hotels & Resorts, Inc. (NASDAQ:HST)

GLOBALT Investments LLC GA bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 31,852 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors have also modified their holdings of the stock. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts during the first quarter worth $25,000. Blue Trust Inc. grew its holdings in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares during the period. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth about $30,000. Farther Finance Advisors LLC increased its position in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Host Hotels & Resorts in the 2nd quarter valued at about $51,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of a number of recent analyst reports. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Robert W. Baird dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Oppenheimer lowered their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, UBS Group cut their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Stock Up 0.9 %

HST stock opened at $17.41 on Tuesday. The company’s 50 day moving average price is $17.73 and its 200 day moving average price is $17.69. The firm has a market capitalization of $12.17 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.55 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Host Hotels & Resorts Profile

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.