Thrivent Financial for Lutherans Decreases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Thrivent Financial for Lutherans decreased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 37.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,414 shares of the company’s stock after selling 38,107 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Host Hotels & Resorts were worth $1,122,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HST. Rafferty Asset Management LLC raised its holdings in shares of Host Hotels & Resorts by 13.5% in the 4th quarter. Rafferty Asset Management LLC now owns 104,320 shares of the company’s stock valued at $2,031,000 after purchasing an additional 12,445 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in Host Hotels & Resorts by 3.9% in the fourth quarter. Royal London Asset Management Ltd. now owns 331,157 shares of the company’s stock valued at $6,448,000 after buying an additional 12,547 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Host Hotels & Resorts by 172.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 98,646 shares of the company’s stock worth $1,921,000 after buying an additional 62,405 shares during the last quarter. Vinva Investment Management Ltd boosted its position in shares of Host Hotels & Resorts by 80.8% during the 4th quarter. Vinva Investment Management Ltd now owns 38,462 shares of the company’s stock worth $757,000 after acquiring an additional 17,186 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of Host Hotels & Resorts by 15.9% in the 4th quarter. Scout Investments Inc. now owns 606,297 shares of the company’s stock valued at $11,805,000 after acquiring an additional 83,086 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HST. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Oppenheimer lowered their target price 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. Truist Financial cut their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Robert W. Baird cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Host Hotels & Resorts Stock Up 2.8 %

Shares of NASDAQ:HST opened at $17.86 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm’s 50-day simple moving average is $17.21 and its 200-day simple moving average is $18.18. The company has a market cap of $12.59 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

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.