Inspire Investing LLC Purchases 812 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Inspire Investing LLC increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,860 shares of the company’s stock after buying an additional 812 shares during the period. Inspire Investing LLC’s holdings in Host Hotels & Resorts were worth $1,441,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HST. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts in the 1st quarter worth approximately $25,000. Blue Trust Inc. grew its position in Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares in the last quarter. Riverview Trust Co bought a new position in Host Hotels & Resorts in the first quarter valued at $27,000. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the second quarter worth about $30,000. Finally, Mather Group LLC. purchased a new position in shares of Host Hotels & Resorts in the 1st quarter worth about $35,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $17.81 on Monday. 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 firm’s fifty day simple moving average is $17.25 and its 200 day simple moving average is $18.04. The stock has a market cap of $12.51 billion, a P/E ratio of 16.64, a price-to-earnings-growth ratio of 1.56 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.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 74.77%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HST. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Evercore ISI lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Robert W. Baird reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

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.