Envestnet Asset Management Inc. Trims Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Envestnet Asset Management Inc. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 525,474 shares of the company’s stock after selling 169,653 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Host Hotels & Resorts worth $9,448,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HST. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts during the 1st quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Host Hotels & Resorts in the 1st quarter worth approximately $27,000. Global X Japan Co. Ltd. purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. bought a new position in Host Hotels & Resorts during the 1st quarter valued at approximately $35,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $18.13 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a market capitalization of $12.74 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.67 and a beta of 1.32. The firm’s 50 day simple moving average is $17.21 and its two-hundred day simple moving average is $18.29.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Robert W. Baird cut their target price on 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. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Truist Financial lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.