Farther Finance Advisors LLC Acquires 867 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Farther Finance Advisors LLC raised its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,816 shares of the company’s stock after purchasing an additional 867 shares during the quarter. Farther Finance Advisors LLC’s holdings in Host Hotels & Resorts were worth $50,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of HST. IRON Financial LLC bought a new stake in shares of Host Hotels & Resorts in the third quarter worth approximately $202,000. Eagle Strategies LLC grew its stake in shares of Host Hotels & Resorts by 18.7% in the third quarter. Eagle Strategies LLC now owns 27,619 shares of the company’s stock worth $486,000 after acquiring an additional 4,346 shares during the period. Vanderbilt University grew its stake in shares of Host Hotels & Resorts by 12.0% in the third quarter. Vanderbilt University now owns 54,359 shares of the company’s stock worth $957,000 after acquiring an additional 5,830 shares during the period. Forsta AP Fonden boosted its holdings in shares of Host Hotels & Resorts by 5.5% in the third quarter. Forsta AP Fonden now owns 468,200 shares of the company’s stock worth $8,240,000 after buying an additional 24,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts by 21.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 86,218 shares of the company’s stock worth $1,563,000 after buying an additional 15,517 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Up 0.1 %

Shares of HST opened at $18.00 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a 50 day simple moving average of $17.67 and a two-hundred day simple moving average of $17.72. The firm has a market cap of $12.58 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Robert W. Baird dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Finally, Truist Financial dropped their price target on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $21.29.

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.