51,840 Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST) Acquired by MBB Public Markets I LLC

MBB Public Markets I LLC acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 51,840 shares of the company’s stock, valued at approximately $932,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Corient Private Wealth LLC increased its position in Host Hotels & Resorts by 27.7% in the 4th quarter. Corient Private Wealth LLC now owns 53,842 shares of the company’s stock valued at $1,048,000 after acquiring an additional 11,676 shares during the period. TD Asset Management Inc increased its position in Host Hotels & Resorts by 5.1% in the 4th quarter. TD Asset Management Inc now owns 236,035 shares of the company’s stock valued at $4,596,000 after acquiring an additional 11,518 shares during the period. Treasurer of the State of North Carolina increased its position in Host Hotels & Resorts by 0.9% in the 4th quarter. Treasurer of the State of North Carolina now owns 332,469 shares of the company’s stock valued at $6,473,000 after acquiring an additional 3,040 shares during the period. Bank of Nova Scotia increased its position in Host Hotels & Resorts by 121.8% in the 4th quarter. Bank of Nova Scotia now owns 87,660 shares of the company’s stock valued at $1,707,000 after acquiring an additional 48,146 shares during the period. Finally, California State Teachers Retirement System increased its position in shares of Host Hotels & Resorts by 4.1% during the fourth quarter. California State Teachers Retirement System now owns 1,229,606 shares of the company’s stock worth $23,940,000 after buying an additional 48,709 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HST. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Evercore ISI decreased their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Robert W. Baird decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.00.

Host Hotels & Resorts Stock Down 2.9 %

Host Hotels & Resorts stock opened at $17.60 on Tuesday. Host Hotels & Resorts, Inc. has a 1-year low of $14.92 and a 1-year high of $21.31. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The firm’s fifty day moving average price is $17.20 and its two-hundred day moving average price is $18.23. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 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.