Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Holdings Lessened by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,612 shares of the company’s stock after selling 885 shares during the period. HighTower Advisors LLC’s holdings in Host Hotels & Resorts were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HST. Assenagon Asset Management S.A. boosted its stake in Host Hotels & Resorts by 3.0% in the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after acquiring an additional 584 shares during the period. 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 valued at $26,000 after purchasing an additional 1,002 shares during the period. Raymond James & Associates grew its stake in Host Hotels & Resorts by 12.6% during the 2nd quarter. Raymond James & Associates now owns 206,579 shares of the company’s stock worth $3,714,000 after buying an additional 23,169 shares during the last quarter. Highland Capital Management LLC acquired a new stake in Host Hotels & Resorts in the second quarter worth $193,000. Finally, First Heartland Consultants Inc. acquired a new stake in Host Hotels & Resorts in the second quarter worth $211,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 3.2 %

Shares of HST stock opened at $18.20 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a market cap of $12.72 billion, a PE ratio of 17.67 and a beta of 1.32. The business’s fifty day moving average is $18.03 and its 200-day moving average is $17.70. 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 earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. Host Hotels & Resorts’s revenue was up 8.6% on a year-over-year basis. Equities analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Wall Street Analyst Weigh In

HST has been the subject of several recent research reports. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Truist Financial cut their price target 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. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Finally, UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $21.39.

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.