Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Position Lifted by Abich Financial Wealth Management LLC

Abich Financial Wealth Management LLC raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,565 shares of the company’s stock after buying an additional 935 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Host Hotels & Resorts were worth $100,000 at the end of the most recent reporting period.

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

Host Hotels & Resorts Stock Up 0.3 %

NASDAQ HST opened at $18.68 on Wednesday. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock has a market cap of $13.12 billion, a PE ratio of 18.31, a PEG ratio of 1.67 and a beta of 1.32. The firm has a 50-day simple moving average of $17.21 and a 200 day simple moving average of $18.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given 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 4.28%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Oppenheimer decreased their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Wedbush reissued an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $18.00 in a research note on Thursday, August 1st. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, Stifel Nicolaus dropped their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.06.

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.