Commerzbank Aktiengesellschaft FI Acquires 2,183 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,608 shares of the company’s stock after buying an additional 2,183 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Host Hotels & Resorts were worth $874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HST. SG Americas Securities LLC lifted its holdings in shares of Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after purchasing an additional 2,165,260 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Host Hotels & Resorts by 103.2% in the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares during the period. Skandinaviska Enskilda Banken AB publ raised its holdings in Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the period. LSV Asset Management increased its stake in Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock worth $33,963,000 after purchasing an additional 866,530 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lowered 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 note on Friday, July 19th. 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. Oppenheimer cut their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Truist Financial cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. One 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. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $17.38 on Thursday. 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 business has a 50 day moving average of $17.49 and a two-hundred day moving average of $17.91. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a market cap of $12.25 billion, a P/E ratio of 17.04, a PEG ratio of 1.56 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.60%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 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.