Creative Planning Has $820,000 Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Creative Planning boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,592 shares of the company’s stock after acquiring an additional 6,505 shares during the quarter. Creative Planning’s holdings in Host Hotels & Resorts were worth $820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. BROOKFIELD Corp ON acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter worth about $25,000. Riverview Trust Co acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth approximately $27,000. Blue Trust Inc. raised its stake 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 acquiring an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $35,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Stock Performance

HST stock opened at $17.81 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm has a market cap of $12.51 billion, a PE ratio of 16.64, a P/E/G ratio of 1.56 and a beta of 1.32. The business’s 50-day moving average price is $17.25 and its two-hundred day moving average price is $18.07.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 74.77%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HST. 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 report on Thursday, August 1st. Truist Financial cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Oppenheimer reduced their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Evercore ISI lowered 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 report on Tuesday, August 13th. Finally, Stifel Nicolaus reduced their target price 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 issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.