Summit Global Investments Has $197,000 Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Summit Global Investments raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,211 shares of the company’s stock after purchasing an additional 1,199 shares during the period. Summit Global Investments’ holdings in Host Hotels & Resorts were worth $197,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BROOKFIELD Corp ON acquired a new position in shares of Host Hotels & Resorts during the first quarter worth approximately $25,000. Blue Trust Inc. grew its holdings in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Host Hotels & Resorts during the second quarter worth about $30,000. Farther Finance Advisors LLC increased its position in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of a number of recent research reports. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday. Robert W. Baird decreased their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Wells Fargo & Company reduced their target price on shares of 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. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $21.29.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $18.06 on Tuesday. The business’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $17.73. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a market cap of $12.69 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.64 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.41 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.93 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

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.