ProShare Advisors LLC Acquires 14,117 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

ProShare Advisors LLC lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,235 shares of the company’s stock after acquiring an additional 14,117 shares during the quarter. ProShare Advisors LLC’s holdings in Host Hotels & Resorts were worth $3,528,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC lifted its position in Host Hotels & Resorts by 320.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124,610 shares of the company’s stock worth $2,240,000 after acquiring an additional 94,943 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Host Hotels & Resorts by 4.7% during the 2nd quarter. Pacer Advisors Inc. now owns 50,461 shares of the company’s stock worth $907,000 after purchasing an additional 2,274 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after purchasing an additional 1,339,458 shares during the period. Intech Investment Management LLC grew its holdings in Host Hotels & Resorts by 30.2% in the 2nd quarter. Intech Investment Management LLC now owns 561,985 shares of the company’s stock valued at $10,104,000 after buying an additional 130,252 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in Host Hotels & Resorts by 8.9% during the 2nd quarter. Elo Mutual Pension Insurance Co now owns 69,948 shares of the company’s stock worth $1,258,000 after buying an additional 5,709 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Up 0.2 %

Shares of NASDAQ HST opened at $18.24 on Friday. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 1.67 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The stock has a 50-day moving average price of $17.20 and a two-hundred day moving average price of $18.31.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

HST has been the topic of several research reports. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Wells Fargo & Company dropped their price target on shares of 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. Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Finally, Robert W. Baird dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.06.

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.