Creative Planning Has $820,000 Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Creative Planning boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 45,592 shares of the company’s stock after acquiring an additional 6,505 shares during the quarter. Creative Planning’s holdings in Host Hotels & Resorts were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BROOKFIELD Corp ON acquired a new position in shares of Host Hotels & Resorts during the first quarter worth about $25,000. Riverview Trust Co bought a new stake in Host Hotels & Resorts in the 1st quarter valued at approximately $27,000. Blue Trust Inc. boosted its position in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. bought a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $35,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HST. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Robert W. Baird decreased 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. Truist Financial dropped their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Oppenheimer reduced their price target on 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. Finally, Stifel Nicolaus lowered their price target on 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Host Hotels & Resorts Trading Up 1.1 %

HST stock opened at $17.81 on Friday. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a fifty day moving average price of $17.25 and a two-hundred day moving average price of $18.07. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s payout ratio is 74.77%.

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.