Wealth Enhancement Advisory Services LLC Has $623,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wealth Enhancement Advisory Services LLC cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 88.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,422 shares of the company’s stock after selling 284,369 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Host Hotels & Resorts were worth $623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Forsta AP Fonden raised its position in shares of Host Hotels & Resorts by 5.5% in the 3rd quarter. Forsta AP Fonden now owns 468,200 shares of the company’s stock valued at $8,240,000 after buying an additional 24,400 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 valued at $1,563,000 after acquiring an additional 15,517 shares during the last quarter. Tectonic Advisors LLC increased its stake in Host Hotels & Resorts by 3.4% in the third quarter. Tectonic Advisors LLC now owns 66,220 shares of the company’s stock valued at $1,165,000 after acquiring an additional 2,182 shares during the last quarter. Impact Partnership Wealth LLC raised its position in Host Hotels & Resorts by 11.5% during the third quarter. Impact Partnership Wealth LLC now owns 26,413 shares of the company’s stock valued at $465,000 after purchasing an additional 2,717 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Host Hotels & Resorts by 1,549.8% during the third quarter. International Assets Investment Management LLC now owns 13,693 shares of the company’s stock worth $2,410,000 after purchasing an additional 12,863 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 0.1 %

Shares of HST opened at $18.00 on Friday. The stock’s 50-day moving average price is $17.64 and its two-hundred day moving average price is $17.76. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a market capitalization of $12.64 billion, a PE ratio of 16.64, a PEG ratio of 1.56 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Announces Dividend

The business 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 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is presently 74.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HST shares. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Robert W. Baird dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Truist Financial decreased 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 report on Wednesday, September 4th. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.