Commonwealth Equity Services LLC Purchases 25,352 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commonwealth Equity Services LLC boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 17.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,694 shares of the company’s stock after acquiring an additional 25,352 shares during the period. Commonwealth Equity Services LLC’s holdings in Host Hotels & Resorts were worth $2,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $440,000. Spire Wealth Management lifted its position in Host Hotels & Resorts by 37.9% in the 4th quarter. Spire Wealth Management now owns 2,910 shares of the company’s stock valued at $58,000 after acquiring an additional 800 shares in the last quarter. Private Advisor Group LLC lifted its position in Host Hotels & Resorts by 8.5% in the 4th quarter. Private Advisor Group LLC now owns 13,789 shares of the company’s stock valued at $268,000 after acquiring an additional 1,085 shares in the last quarter. Principal Securities Inc. acquired a new position in Host Hotels & Resorts in the 4th quarter worth $150,000. Finally, BNP Paribas Financial Markets increased its holdings in Host Hotels & Resorts by 283.7% during the 4th quarter. BNP Paribas Financial Markets now owns 1,317,218 shares of the company’s stock worth $25,646,000 after purchasing an additional 973,902 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $16.77 on Wednesday. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The company has a market capitalization of $11.82 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a 50-day simple moving average of $17.20 and a 200 day simple moving average of $18.51.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.77%. Host Hotels & Resorts’s payout ratio is 78.43%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HST. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Stifel Nicolaus cut their price objective 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. Finally, Robert W. Baird decreased 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 research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $21.31.

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.