1620 Investment Advisors Inc. Invests $51,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,833 shares of the company’s stock, valued at approximately $51,000.

Several other institutional investors also recently modified their holdings of HST. Norges Bank bought a new position in Host Hotels & Resorts in the 4th quarter valued at $615,558,000. PGGM Investments bought a new position in Host Hotels & Resorts in the 4th quarter valued at $57,664,000. SG Americas Securities LLC raised its position in Host Hotels & Resorts by 3,870.5% in the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after purchasing an additional 2,165,260 shares during the last quarter. Russell Investments Group Ltd. raised its position in Host Hotels & Resorts by 103.2% in the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after purchasing an additional 1,866,661 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in Host Hotels & Resorts by 106.5% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock valued at $66,590,000 after purchasing an additional 1,764,294 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 1.0 %

HST stock opened at $17.09 on Friday. The stock’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $18.75. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 6.66 and a current ratio of 4.55. The company has a market cap of $12.05 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HST shares. Oppenheimer lowered their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Wedbush reissued an “outperform” rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Truist Financial lowered their target price on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Evercore ISI lowered their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Stifel Nicolaus lowered their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.12.

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.