3,087 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Acquired by Family Firm Inc.

Family Firm Inc. purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,087 shares of the company’s stock, valued at approximately $56,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Czech National Bank raised its position in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after buying an additional 569 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Host Hotels & Resorts by 3.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after acquiring an additional 579 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of 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 purchasing an additional 584 shares during the last quarter. Covestor Ltd lifted its position in shares of Host Hotels & Resorts by 16.1% in the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after purchasing an additional 618 shares in the last quarter. Finally, Gulf International Bank UK Ltd boosted its holdings in Host Hotels & Resorts by 16.3% during the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after purchasing an additional 627 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 1.9 %

Host Hotels & Resorts stock opened at $17.41 on Friday. The company’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $18.73. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.27 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.60%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Wall Street Analyst Weigh In

HST has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Evercore ISI dropped their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Finally, Wedbush reissued an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.12.

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.