Pensionfund Sabic bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 48,843 shares of the company’s stock, valued at approximately $866,000.
A number of other institutional investors have also recently made changes to their positions in HST. Pensionfund PDN acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $1,720,000. SG Americas Securities LLC raised its position in shares of Host Hotels & Resorts by 1,217.7% during the fourth quarter. SG Americas Securities LLC now owns 3,909,382 shares of the company’s stock worth $69,313,000 after acquiring an additional 3,612,709 shares during the last quarter. Diversified Trust Co. acquired a new position in shares of Host Hotels & Resorts in the fourth quarter worth approximately $411,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Host Hotels & Resorts by 28.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 151,156 shares of the company’s stock worth $2,763,000 after acquiring an additional 33,374 shares during the period. Finally, NorthCrest Asset Manangement LLC boosted its holdings in Host Hotels & Resorts by 59.7% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 21,145 shares of the company’s stock valued at $383,000 after acquiring an additional 7,902 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Trading Up 2.7%
Shares of HST stock opened at $19.48 on Thursday. The company has a market cap of $13.40 billion, a P/E ratio of 17.71, a PEG ratio of 2.20 and a beta of 1.13. The stock has a 50 day simple moving average of $19.24 and a two-hundred day simple moving average of $18.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.59 and a current ratio of 2.59. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $21.00.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.80 annualized dividend and a yield of 4.1%. Host Hotels & Resorts’s dividend payout ratio is currently 72.73%.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HST shares. Morgan Stanley set a $18.00 target price on shares of Host Hotels & Resorts in a research report on Friday, January 16th. UBS Group set a $21.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, January 9th. Robert W. Baird set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Monday, January 12th. Weiss Ratings raised shares of Host Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $20.08.
View Our Latest Stock Analysis on Host Hotels & Resorts
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
See Also
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