Citizens Financial Group Inc. RI Lowers Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Citizens Financial Group Inc. RI trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 225,970 shares of the company’s stock after selling 14,298 shares during the period. Citizens Financial Group Inc. RI’s holdings in Host Hotels & Resorts were worth $4,063,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in HST. BROOKFIELD Corp ON purchased a new stake in Host Hotels & Resorts in the first quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares in the last quarter. Riverview Trust Co purchased a new position in Host Hotels & Resorts during the 1st quarter valued at about $27,000. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at about $30,000. Finally, Mather Group LLC. purchased a new stake in Host Hotels & Resorts during the first quarter worth about $35,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Barclays decreased their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Evercore ISI lowered their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Truist Financial reduced their price target on 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $21.06.

Host Hotels & Resorts Stock Up 0.2 %

Shares of NASDAQ:HST opened at $17.46 on Tuesday. The firm has a 50 day simple moving average of $17.17 and a 200-day simple moving average of $18.42. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $12.31 billion, a PE ratio of 17.12, a P/E/G ratio of 1.51 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.