Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 23.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,592 shares of the company’s stock after purchasing an additional 4,870 shares during the period. Sanctuary Advisors LLC’s holdings in Host Hotels & Resorts were worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Global X Japan Co. Ltd. purchased a new position in Host Hotels & Resorts during the second quarter worth about $30,000. Farther Finance Advisors LLC raised its position in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the period. Signaturefd LLC lifted its holdings in Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after acquiring an additional 1,198 shares during the last quarter. Mendota Financial Group LLC grew its position in Host Hotels & Resorts by 27.1% in the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after acquiring an additional 842 shares during the period. Finally, Maryland Capital Advisors Inc. acquired a new stake in Host Hotels & Resorts during the third quarter worth $90,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $18.28 on Friday. The stock’s 50-day moving average is $18.05 and its two-hundred day moving average is $17.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 17.75 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Analyst Ratings Changes

Several brokerages have recently commented on HST. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group lowered their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.39.

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.