Blue Trust Inc. Acquires 9,223 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Blue Trust Inc. grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 626.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,696 shares of the company’s stock after purchasing an additional 9,223 shares during the quarter. Blue Trust Inc.’s holdings in Host Hotels & Resorts were worth $192,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BROOKFIELD Corp ON bought a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $25,000. Global X Japan Co. Ltd. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $30,000. 1620 Investment Advisors Inc. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $51,000. Fidelis Capital Partners LLC bought a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $56,000. Finally, Family Firm Inc. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $56,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of analyst reports. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Oppenheimer cut their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Truist Financial cut their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Robert W. Baird cut their price objective on shares of 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.29.

Host Hotels & Resorts Stock Down 0.5 %

NASDAQ:HST opened at $17.58 on Friday. The company has a market cap of $12.39 billion, a PE ratio of 17.24, a P/E/G ratio of 1.58 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The company’s 50 day moving average is $17.56 and its two-hundred day moving average is $17.86.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Host Hotels & Resorts 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.