Farther Finance Advisors LLC Boosts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Farther Finance Advisors LLC lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.5% in the third quarter, HoldingsChannel reports. The firm owned 2,816 shares of the company’s stock after purchasing an additional 867 shares during the quarter. Farther Finance Advisors LLC’s holdings in Host Hotels & Resorts were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. IRON Financial LLC bought a new stake in Host Hotels & Resorts in the third quarter worth $202,000. Eagle Strategies LLC lifted its position in Host Hotels & Resorts by 18.7% in the third quarter. Eagle Strategies LLC now owns 27,619 shares of the company’s stock worth $486,000 after buying an additional 4,346 shares during the last quarter. Vanderbilt University lifted its position in Host Hotels & Resorts by 12.0% in the third quarter. Vanderbilt University now owns 54,359 shares of the company’s stock worth $957,000 after buying an additional 5,830 shares during the last quarter. Forsta AP Fonden lifted its position in Host Hotels & Resorts by 5.5% in the third quarter. Forsta AP Fonden now owns 468,200 shares of the company’s stock worth $8,240,000 after buying an additional 24,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Host Hotels & Resorts by 21.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,218 shares of the company’s stock worth $1,563,000 after buying an additional 15,517 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

HST stock opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The business has a 50-day moving average price of $17.67 and a 200 day moving average price of $17.72. The company has a market capitalization of $12.58 billion, a P/E ratio of 17.64, a PEG ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.44%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Wall Street Analyst Weigh In

HST has been the subject of a number of analyst reports. Robert W. Baird lowered their price target on 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. 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. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Evercore ISI decreased their target price on 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. Finally, Wells Fargo & Company decreased their target price 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. Two 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. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target 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.