Copperwynd Financial LLC Acquires 3,784 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Copperwynd Financial LLC raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,165 shares of the company’s stock after acquiring an additional 3,784 shares during the quarter. Copperwynd Financial LLC’s holdings in Host Hotels & Resorts were worth $668,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at $25,000. Blue Trust Inc. raised its holdings in 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 buying an additional 1,002 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Host Hotels & Resorts during the 1st quarter worth about $27,000. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at about $30,000. Finally, Mather Group LLC. bought a new position in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $35,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Stock Down 0.6 %

HST opened at $18.13 on Friday. The company has a market capitalization of $12.78 billion, a P/E ratio of 17.77, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The firm’s fifty day moving average price is $17.21 and its two-hundred day moving average price is $18.27. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.41%. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

HST has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Robert W. Baird lowered their target price on shares of 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. Oppenheimer cut their target price on shares of 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. Truist Financial lowered their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Wells Fargo & Company cut 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. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.