Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.00.
HST has been the topic of several recent research reports. Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Wells Fargo & Company reduced their price objective on shares of 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. Stifel Nicolaus reduced 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 research note on Thursday, August 1st. Truist Financial reduced their price objective on shares of 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. Finally, Robert W. Baird reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th.
Read Our Latest Research Report on HST
Host Hotels & Resorts Stock Down 1.1 %
Host Hotels & Resorts Dividend Announcement
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 $0.20 dividend. The ex-dividend date is Monday, September 30th. 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 presently 78.43%.
Institutional Trading of Host Hotels & Resorts
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. raised its holdings in shares of Host Hotels & Resorts by 645.5% in the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after purchasing an additional 55,775 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after buying an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after buying an additional 55,654 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in Host Hotels & Resorts by 11.3% during the first quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock worth $30,323,000 after buying an additional 149,057 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after buying an additional 39,340 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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