Sanctuary Advisors LLC Raises Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sanctuary Advisors LLC lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 23.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,592 shares of the company’s stock after acquiring an additional 4,870 shares during the period. Sanctuary Advisors LLC’s holdings in Host Hotels & Resorts were worth $467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HST. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts during the second quarter worth approximately $30,000. Farther Finance Advisors LLC grew 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 during the last quarter. Signaturefd LLC increased its holdings in shares of Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after acquiring an additional 1,198 shares during the period. Mendota Financial Group LLC raised its position in Host Hotels & Resorts by 27.1% in the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock valued at $70,000 after purchasing an additional 842 shares during the last quarter. Finally, Maryland Capital Advisors Inc. acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth $90,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 0.3 %

HST stock opened at $18.28 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $18.05 and its 200 day moving average price is $17.71. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a market cap of $12.78 billion, a P/E ratio of 17.75 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.41 EPS. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.38%. The ex-dividend date is Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.39.

About Host Hotels & Resorts

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.