GLOBALT Investments LLC GA Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

GLOBALT Investments LLC GA purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 31,852 shares of the company’s stock, valued at approximately $561,000.

Several other large investors also recently modified their holdings of HST. BROOKFIELD Corp ON bought a new position in Host Hotels & Resorts in the first quarter worth approximately $25,000. Blue Trust Inc. increased its holdings in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in shares of Host Hotels & Resorts in the second quarter worth $30,000. Farther Finance Advisors LLC raised 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 valued at $50,000 after purchasing an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at $51,000. Institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HST shares. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Stifel Nicolaus decreased their target price on 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. Evercore ISI reduced their price objective on 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. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Finally, Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Trading Up 0.9 %

Host Hotels & Resorts stock opened at $17.41 on Tuesday. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The stock has a market cap of $12.17 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90. The stock has a 50-day moving average of $17.73 and a two-hundred day moving average of $17.69.

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

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.60%. Host Hotels & Resorts’s payout ratio is 77.67%.

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.