Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Position Increased by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 49.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,728 shares of the company’s stock after buying an additional 2,569 shares during the period. Exchange Traded Concepts LLC’s holdings in Host Hotels & Resorts were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HST. Mather Group LLC. bought a new stake in shares of Host Hotels & Resorts in the 1st quarter worth $35,000. Harbor Investment Advisory LLC raised its position in shares of Host Hotels & Resorts by 212.0% during the first quarter. Harbor Investment Advisory LLC now owns 5,067 shares of the company’s stock worth $105,000 after purchasing an additional 3,443 shares during the period. Riverview Trust Co acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth $27,000. Atlas Capital Advisors LLC raised its position in shares of Host Hotels & Resorts by 59,276.9% during the first quarter. Atlas Capital Advisors LLC now owns 15,438 shares of the company’s stock worth $319,000 after purchasing an additional 15,412 shares during the period. Finally, S.A. Mason LLC raised its position in shares of Host Hotels & Resorts by 172.5% during the first quarter. S.A. Mason LLC now owns 3,079 shares of the company’s stock worth $64,000 after purchasing an additional 1,949 shares during the period. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $17.59 on Wednesday. The company has a market cap of $12.40 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The stock has a 50-day moving average of $17.46 and a 200-day moving average of $17.93. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HST. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Oppenheimer cut their target price on 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. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Stifel Nicolaus lowered their price target 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. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average 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.