Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 27.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,102 shares of the company’s stock after purchasing an additional 3,049 shares during the period. Driehaus Capital Management LLC’s holdings in Host Hotels & Resorts were worth $254,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LSV Asset Management boosted its holdings in Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares in the last quarter. Centersquare Investment Management LLC increased its stake in shares of Host Hotels & Resorts by 2.3% in the 4th quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after purchasing an additional 190,606 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Host Hotels & Resorts by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after purchasing an additional 489,415 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Host Hotels & Resorts by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock valued at $104,014,000 after purchasing an additional 63,669 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HST shares. Truist Financial dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird cut their price objective 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. Evercore ISI cut their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Oppenheimer cut their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Stifel Nicolaus decreased their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Host Hotels & Resorts Stock Down 2.9 %

Shares of HST opened at $17.60 on Tuesday. The company’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $18.23. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current 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 stock has a market capitalization of $12.41 billion, a PE ratio of 17.25, a P/E/G ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Host Hotels & Resorts Company 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.