Oppenheimer Asset Management Inc. Purchases 7,725 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Oppenheimer Asset Management Inc. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 53.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,121 shares of the company’s stock after purchasing an additional 7,725 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $398,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in HST. BROOKFIELD Corp ON bought a new stake in Host Hotels & Resorts in the 1st quarter valued at about $25,000. Blue Trust Inc. grew its position in Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after buying an additional 1,002 shares in the last quarter. Riverview Trust Co bought a new position in Host Hotels & Resorts during the 1st quarter worth $27,000. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at $30,000. Finally, Mather Group LLC. bought a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $35,000. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on HST. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Robert W. Baird dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Oppenheimer decreased 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. Finally, Evercore ISI dropped their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $21.06.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $18.73 on Friday. The company has a market capitalization of $13.21 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.51 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock has a fifty day simple moving average of $17.20 and a 200 day simple moving average of $18.38.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

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.