Invst LLC Acquires Shares of 34,681 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Invst LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 34,681 shares of the company’s stock, valued at approximately $718,000.

A number of other institutional investors also recently bought and sold shares of HST. Norges Bank purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $615,558,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock valued at $190,807,000 after acquiring an additional 164,334 shares in the last quarter. Centersquare Investment Management LLC boosted its holdings in shares of Host Hotels & Resorts by 2.3% in the fourth quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after acquiring an additional 190,606 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Host Hotels & Resorts by 10.2% in the first quarter. LSV Asset Management now owns 8,223,900 shares of the company’s stock valued at $170,070,000 after acquiring an additional 764,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Host Hotels & Resorts by 0.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock valued at $158,849,000 after acquiring an additional 25,953 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HST has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday. Wedbush reissued an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Finally, Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the company from $25.00 to $18.00 in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.33.

Host Hotels & Resorts Trading Down 3.3 %

Shares of HST stock traded down $0.55 during mid-day trading on Friday, reaching $16.20. The company’s stock had a trading volume of 16,781,802 shares, compared to its average volume of 7,415,157. The company’s 50 day simple moving average is $17.87 and its 200-day simple moving average is $19.07. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. 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 firm has a market capitalization of $11.42 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Insider Activity at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the sale, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

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.