Vert Asset Management LLC lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 340,417 shares of the company’s stock after purchasing an additional 30,085 shares during the quarter. Host Hotels & Resorts accounts for 2.0% of Vert Asset Management LLC’s portfolio, making the stock its 15th largest position. Vert Asset Management LLC’s holdings in Host Hotels & Resorts were worth $6,036,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Verdence Capital Advisors LLC lifted its position in shares of Host Hotels & Resorts by 3.0% in the third quarter. Verdence Capital Advisors LLC now owns 25,731 shares of the company’s stock worth $428,000 after purchasing an additional 738 shares in the last quarter. Huntington National Bank lifted its position in shares of Host Hotels & Resorts by 17.8% in the third quarter. Huntington National Bank now owns 4,951 shares of the company’s stock worth $84,000 after purchasing an additional 749 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of Host Hotels & Resorts by 79.6% in the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after purchasing an additional 786 shares in the last quarter. Abundance Wealth Counselors lifted its position in shares of Host Hotels & Resorts by 0.6% in the fourth quarter. Abundance Wealth Counselors now owns 135,312 shares of the company’s stock worth $2,399,000 after purchasing an additional 790 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Host Hotels & Resorts by 5.4% in the third quarter. Alps Advisors Inc. now owns 17,683 shares of the company’s stock worth $301,000 after purchasing an additional 913 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Stock Performance
NASDAQ:HST opened at $21.12 on Monday. The stock’s 50 day moving average price is $19.59 and its 200 day moving average price is $18.33. Host Hotels & Resorts, Inc. has a 52 week low of $13.31 and a 52 week high of $21.18. The company has a market capitalization of $14.52 billion, a P/E ratio of 19.20, a P/E/G ratio of 2.44 and a beta of 1.11. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 72.73%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on HST. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Host Hotels & Resorts in a research report on Tuesday, January 13th. Stifel Nicolaus set a $22.00 price target on shares of Host Hotels & Resorts in a research report on Thursday, February 19th. JPMorgan Chase & Co. increased their price objective on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Citigroup increased their price objective on Host Hotels & Resorts from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Finally, Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $21.08.
Check Out Our Latest Stock Analysis on Host Hotels & Resorts
Host Hotels & Resorts Profile
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.
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