Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 320.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,610 shares of the company’s stock after buying an additional 94,943 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Host Hotels & Resorts were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brown Advisory Inc. increased its stake in Host Hotels & Resorts by 6.6% in the 4th quarter. Brown Advisory Inc. now owns 12,566 shares of the company’s stock valued at $245,000 after buying an additional 781 shares during the period. PNC Financial Services Group Inc. boosted its position in Host Hotels & Resorts by 10.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 71,777 shares of the company’s stock valued at $1,397,000 after purchasing an additional 7,075 shares during the last quarter. Corient Private Wealth LLC grew its stake in Host Hotels & Resorts by 27.7% in the fourth quarter. Corient Private Wealth LLC now owns 53,842 shares of the company’s stock valued at $1,048,000 after purchasing an additional 11,676 shares in the last quarter. Aigen Investment Management LP acquired a new position in Host Hotels & Resorts in the 4th quarter worth about $224,000. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Host Hotels & Resorts by 3.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 997,941 shares of the company’s stock worth $19,430,000 after purchasing an additional 33,076 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HST. Evercore ISI reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Finally, Truist Financial decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.06.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $18.63 on Tuesday. The firm’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $18.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The company has a market cap of $13.13 billion, a P/E ratio of 18.26, a P/E/G ratio of 1.51 and a beta of 1.32. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Host Hotels & Resorts 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.