Eagle Strategies LLC Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Eagle Strategies LLC increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 18.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,619 shares of the company’s stock after purchasing an additional 4,346 shares during the quarter. Eagle Strategies LLC’s holdings in Host Hotels & Resorts were worth $486,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. LSV Asset Management grew its stake in Host Hotels & Resorts by 11.7% in the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after acquiring an additional 965,100 shares during the period. Daiwa Securities Group Inc. boosted its holdings in Host Hotels & Resorts by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after buying an additional 489,415 shares during the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after acquiring an additional 1,339,458 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Host Hotels & Resorts by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock worth $104,014,000 after acquiring an additional 63,669 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 0.5 %

HST opened at $17.62 on Wednesday. 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 $12.38 billion, a price-to-earnings ratio of 16.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32. The business’s 50 day moving average is $17.60 and its two-hundred day moving average is $17.81. Host Hotels & Resorts, Inc. has a 52 week low of $15.10 and a 52 week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 74.77%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Robert W. Baird cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Finally, Oppenheimer dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $21.29.

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.