Forsta AP Fonden Increases Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Forsta AP Fonden grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 468,200 shares of the company’s stock after acquiring an additional 24,400 shares during the quarter. Forsta AP Fonden’s holdings in Host Hotels & Resorts were worth $8,240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HST. Legacy Wealth Asset Management LLC lifted its position in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after acquiring an additional 579 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after buying an additional 584 shares in the last quarter. Covestor Ltd raised its position in Host Hotels & Resorts by 16.1% in the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after buying an additional 618 shares during the last quarter. D Orazio & Associates Inc. lifted its stake in Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock valued at $197,000 after acquiring an additional 648 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of Host Hotels & Resorts by 3.0% during the 1st quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after acquiring an additional 790 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $17.58 on Monday. The stock has a market cap of $12.39 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 year high of $21.31. The firm has a fifty day moving average price of $17.56 and a 200-day moving average price of $17.85. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.55%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HST shares. Stifel Nicolaus lowered 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. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Truist Financial cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Oppenheimer dropped their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.29.

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.