Smith Graham & Co. Investment Advisors LP trimmed its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 284,420 shares of the real estate investment trust’s stock after selling 7,770 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Host Hotels and Resorts were worth $5,276,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of HST. Manchester Financial Inc. bought a new position in Host Hotels and Resorts during the 4th quarter valued at approximately $28,000. Doyle Wealth Management purchased a new position in Host Hotels and Resorts during the second quarter valued at $37,000. CSat Investment Advisory L.P. raised its stake in Host Hotels and Resorts by 119.4% during the second quarter. CSat Investment Advisory L.P. now owns 2,297 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,250 shares during the last quarter. Allworth Financial LP purchased a new position in Host Hotels and Resorts during the fourth quarter valued at $44,000. Finally, Rational Advisors LLC boosted its holdings in Host Hotels and Resorts by 67.2% in the third quarter. Rational Advisors LLC now owns 2,940 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,182 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.
In other Host Hotels and Resorts news, Chairman Richard E. Marriott sold 160,195 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $18.51, for a total transaction of $2,965,209.45. Following the sale, the chairman now directly owns 3,503,058 shares in the company, valued at approximately $64,841,603.58. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.
Shares of NYSE HST opened at $17.59 on Wednesday. Host Hotels and Resorts Inc has a twelve month low of $15.51 and a twelve month high of $20.34. The firm has a market cap of $12.82 billion, a P/E ratio of 11.28, a PEG ratio of 2.10 and a beta of 1.15. The company has a 50 day moving average of $18.08 and a 200 day moving average of $17.25. The company has a quick ratio of 7.70, a current ratio of 7.70 and a debt-to-equity ratio of 0.59.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.80 annualized dividend and a yield of 4.55%. Host Hotels and Resorts’s dividend payout ratio is 45.20%.
A number of research firms have recently commented on HST. BMO Capital Markets began coverage on Host Hotels and Resorts in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 target price on the stock. ValuEngine raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Morgan Stanley dropped their price target on shares of Host Hotels and Resorts from $17.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, January 9th. Finally, Deutsche Bank cut their price objective on shares of Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Host Hotels and Resorts has an average rating of “Hold” and a consensus target price of $19.47.
Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.
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