DekaBank Deutsche Girozentrale Increases Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

DekaBank Deutsche Girozentrale boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 637,976 shares of the company’s stock after acquiring an additional 32,586 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Host Hotels & Resorts worth $11,351,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts in the first quarter valued at approximately $25,000. Riverview Trust Co acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth about $27,000. Blue Trust Inc. lifted its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Finally, Mather Group LLC. purchased a new position in Host Hotels & Resorts during the 1st quarter worth approximately $35,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.2 %

HST stock opened at $17.46 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The firm has a market capitalization of $12.31 billion, a PE ratio of 17.12, a P/E/G ratio of 1.51 and a beta of 1.32. The company’s 50 day simple moving average is $17.17 and its 200-day simple moving average is $18.42.

Host Hotels & Resorts Announces Dividend

The business also recently declared 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 of this dividend is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HST shares. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the company from $25.00 to $18.00 in a research note on Thursday, August 1st. Robert W. Baird cut 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, Wedbush reiterated an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $21.06.

About Host Hotels & Resorts

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.