Resonant Capital Advisors LLC Purchases 3,052 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Resonant Capital Advisors LLC raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 27.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,300 shares of the company’s stock after acquiring an additional 3,052 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Host Hotels & Resorts were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BROOKFIELD Corp ON acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $25,000. Riverview Trust Co acquired a new position in Host Hotels & Resorts during the first quarter worth approximately $27,000. Blue Trust Inc. lifted its position in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. bought a new position in Host Hotels & Resorts during the first quarter worth $35,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

HST stock opened at $17.63 on Tuesday. The company’s 50-day moving average price is $17.46 and its two-hundred day moving average price is $17.93. The firm has a market cap of $12.43 billion, a P/E ratio of 17.28, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.54%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Truist Financial decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Robert W. Baird reduced their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

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.