Raymond James & Associates Has $2.92 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Raymond James & Associates raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 80.1% during the third quarter, Holdings Channel reports. The firm owned 184,020 shares of the company’s stock after buying an additional 81,850 shares during the period. Raymond James & Associates’ holdings in Host Hotels & Resorts were worth $2,922,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE boosted its holdings in shares of Host Hotels & Resorts by 2.5% in the 1st quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after acquiring an additional 1,066 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $215,000. Cetera Advisor Networks LLC boosted its holdings in shares of Host Hotels & Resorts by 7.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock worth $285,000 after acquiring an additional 1,034 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $624,000. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Host Hotels & Resorts by 82.0% in the 1st quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock worth $1,656,000 after acquiring an additional 38,385 shares in the last quarter. 97.07% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $17.61 on Friday. The company’s 50 day moving average is $17.31 and its 200-day moving average is $17.58. Host Hotels & Resorts, Inc. has a 12-month low of $15.10 and a 12-month high of $21.63. The company has a quick ratio of 8.73, a current ratio of 8.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $12.59 billion, a P/E ratio of 15.12 and a beta of 1.25.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Thursday, December 29th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 42.48%.

Analysts Set New Price Targets

Several brokerages have recently commented on HST. Deutsche Bank Aktiengesellschaft reduced their target price on Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. StockNews.com began coverage on shares of Host Hotels & Resorts in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet upgraded shares of Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Friday, October 28th. Finally, Morgan Stanley dropped 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.18.

About Host Hotels & Resorts

(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.