Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Mendota Financial Group LLC

Mendota Financial Group LLC raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 27.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,952 shares of the company’s stock after purchasing an additional 842 shares during the period. Mendota Financial Group LLC’s holdings in Host Hotels & Resorts were worth $70,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its position in shares of Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after acquiring an additional 55,775 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Host Hotels & Resorts by 4.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock valued at $39,037,000 after purchasing an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Host Hotels & Resorts by 9.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after buying an additional 55,654 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Host Hotels & Resorts by 11.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock worth $30,323,000 after buying an additional 149,057 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Host Hotels & Resorts by 23.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after buying an additional 39,340 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 1.1 %

NASDAQ:HST opened at $17.81 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The firm has a market cap of $12.51 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $17.25 and a 200 day moving average price of $18.07.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s payout ratio is presently 74.77%.

Analyst Ratings Changes

Several brokerages recently weighed in on HST. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. 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 report on Monday, August 12th. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Evercore ISI reduced their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

About Host Hotels & Resorts

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.