Wedmont Private Capital Purchases Shares of 11,879 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Wedmont Private Capital purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) in the second quarter, Holdings Channel reports. The firm purchased 11,879 shares of the company’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. Brown Brothers Harriman & Co. grew its stake in shares of Host Hotels & Resorts by 1,921.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after acquiring an additional 1,249 shares in the last quarter. Tcwp LLC bought a new stake in shares of Host Hotels & Resorts in the 1st quarter worth $31,000. Parkside Financial Bank & Trust grew its stake in shares of Host Hotels & Resorts by 146.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after acquiring an additional 976 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Host Hotels & Resorts by 118.2% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 2,147 shares of the company’s stock worth $41,000 after acquiring an additional 1,163 shares in the last quarter. Finally, Riverview Trust Co grew its stake in shares of Host Hotels & Resorts by 83.6% in the 1st quarter. Riverview Trust Co now owns 2,389 shares of the company’s stock worth $46,000 after acquiring an additional 1,088 shares in the last quarter. Institutional investors own 98.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Host Hotels & Resorts to $22.00 in a research note on Monday, August 15th. Barclays reduced their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Evercore ISI restated an “outperform” rating and set a $23.00 price target on shares of Host Hotels & Resorts in a research report on Monday, July 11th. Wells Fargo & Company upgraded shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $20.00 to $21.00 in a research report on Monday, August 29th. Finally, Oppenheimer assumed coverage on shares of Host Hotels & Resorts in a research report on Wednesday, September 14th. They set a “market perform” rating and a $21.00 price target for the company. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $22.08.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $17.70 on Wednesday. The company has a market cap of $12.65 billion, a PE ratio of 22.13 and a beta of 1.22. Host Hotels & Resorts, Inc. has a 52 week low of $15.10 and a 52 week high of $21.63. The company has a quick ratio of 11.29, a current ratio of 11.29 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $18.18 and its two-hundred day simple moving average is $17.71.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.12). Host Hotels & Resorts had a net margin of 13.34% and a return on equity of 8.86%. During the same quarter in the previous year, the company earned $0.12 EPS. Research analysts predict that Host Hotels & Resorts, Inc. will post 1.8 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s dividend payout ratio is presently 30.00%.

Host Hotels & Resorts Profile

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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