Spirit of America Management Corp NY Sells 1,000 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Spirit of America Management Corp NY cut its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,900 shares of the company’s stock after selling 1,000 shares during the period. Spirit of America Management Corp NY’s holdings in Host Hotels & Resorts were worth $843,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC raised its holdings in Host Hotels & Resorts by 3,870.5% during the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after acquiring an additional 2,165,260 shares during the period. Russell Investments Group Ltd. increased its holdings in Host Hotels & Resorts by 103.2% during 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 boosted its stake in shares of Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after purchasing an additional 1,339,458 shares in the last quarter. LSV Asset Management grew its stake in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after purchasing an additional 965,100 shares during 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. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HST. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Oppenheimer lowered their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Truist Financial dropped their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.

Host Hotels & Resorts Stock Up 1.6 %

NASDAQ:HST opened at $17.66 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. 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 has a market capitalization of $12.45 billion, a P/E ratio of 17.31, a P/E/G ratio of 1.56 and a beta of 1.32. The stock’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $17.91.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 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.