Catalytic Wealth RIA LLC Buys New Shares in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Catalytic Wealth RIA LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,633 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Host Hotels & Resorts by 20.2% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the period. LSV Asset Management grew its stake in shares of Host Hotels & Resorts by 11.7% in the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after buying an additional 965,100 shares in the last quarter. Lazard Asset Management LLC raised its position in Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after acquiring an additional 866,530 shares in the last quarter. National Bank of Canada FI grew its position in Host Hotels & Resorts by 285.7% in the second quarter. National Bank of Canada FI now owns 1,131,323 shares of the company’s stock worth $19,945,000 after acquiring an additional 838,005 shares in the last quarter. Finally, Swedbank AB acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth $15,509,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.3 %

HST opened at $18.06 on Tuesday. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a market capitalization of $12.69 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The firm’s fifty day moving average price is $17.66 and its two-hundred day moving average price is $17.73.

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

Host Hotels & Resorts Announces Dividend

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

Wall Street Analyst Weigh In

HST has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Stifel Nicolaus lowered their price target 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, Oppenheimer decreased their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.

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.