Ritholtz Wealth Management Boosts Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ritholtz Wealth Management increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 95,610 shares of the company’s stock after purchasing an additional 3,151 shares during the period. Ritholtz Wealth Management’s holdings in Host Hotels & Resorts were worth $1,683,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. BROOKFIELD Corp ON purchased a new stake in Host Hotels & Resorts during the first quarter valued at approximately $25,000. Riverview Trust Co purchased a new stake in Host Hotels & Resorts during the first quarter valued at approximately $27,000. Blue Trust Inc. raised its position 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 purchasing an additional 1,002 shares during the period. Global X Japan Co. Ltd. purchased a new stake in Host Hotels & Resorts during the second quarter valued at approximately $30,000. Finally, Mather Group LLC. purchased a new stake in Host Hotels & Resorts during the first quarter valued at approximately $35,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Up 1.1 %

Host Hotels & Resorts stock opened at $17.81 on Monday. The business has a fifty day moving average of $17.25 and a two-hundred day moving average of $18.04. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.51 billion, a P/E ratio of 16.64, a P/E/G ratio of 1.56 and a beta of 1.32. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Host Hotels & Resorts’s dividend payout ratio is presently 74.77%.

Analyst Ratings Changes

HST has been the topic of a number of recent research reports. Oppenheimer decreased their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $18.00 in a research note on Thursday, August 1st. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Evercore ISI cut their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.