Janney Montgomery Scott LLC cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 2.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,113 shares of the company’s stock after selling 1,430 shares during the period. Janney Montgomery Scott LLC’s holdings in Host Hotels & Resorts were worth $843,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brown Brothers Harriman & Co. grew its stake in shares of Host Hotels & Resorts by 1,921.5% in the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after buying an additional 1,249 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of Host Hotels & Resorts in the third quarter valued at $27,000. GPS Wealth Strategies Group LLC bought a new position in shares of Host Hotels & Resorts in the third quarter valued at $25,000. Parkside Financial Bank & Trust grew its stake in shares of Host Hotels & Resorts by 146.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock valued at $32,000 after buying an additional 976 shares in the last quarter. Finally, Glassman Wealth Services grew its stake in shares of Host Hotels & Resorts by 317.9% in the second quarter. Glassman Wealth Services now owns 1,747 shares of the company’s stock valued at $27,000 after buying an additional 1,329 shares in the last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
HST has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. TheStreet raised shares of Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Friday, October 28th. Morgan Stanley reduced their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, StockNews.com began coverage on shares of Host Hotels & Resorts in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.18.
Host Hotels & Resorts Trading Down 0.4 %
Host Hotels & Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were given a $0.12 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.81%. Host Hotels & Resorts’s payout ratio is presently 42.48%.
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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.
- Get a free copy of the StockNews.com research report on Host Hotels & Resorts (HST)
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