Kathmere Capital Management LLC Takes Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Kathmere Capital Management LLC purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,357 shares of the company’s stock, valued at approximately $260,000.

A number of other large investors also recently modified their holdings of the company. Czech National Bank increased its stake in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after acquiring an additional 569 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Host Hotels & Resorts by 3.8% in the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after purchasing an additional 579 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Host Hotels & Resorts by 3.0% in the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after purchasing an additional 584 shares in the last quarter. Covestor Ltd raised its stake in Host Hotels & Resorts by 16.1% in the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after purchasing an additional 618 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its position in Host Hotels & Resorts by 16.3% during the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock valued at $92,000 after purchasing an additional 627 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HST shares. Oppenheimer decreased their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Host Hotels & Resorts Stock Down 0.6 %

Shares of NASDAQ HST opened at $18.13 on Monday. The firm’s fifty day moving average is $17.21 and its 200 day moving average is $18.26. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week 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 company has a market cap of $12.78 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.41%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

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.