Allworth Financial LP Invests $44,000 in Host Hotels and Resorts Inc (NYSE:HST)

Allworth Financial LP bought a new position in Host Hotels and Resorts Inc (NYSE:HST) during the 4th quarter, Holdings Channel reports. The fund bought 2,349 shares of the real estate investment trust’s stock, valued at approximately $44,000.

Several other hedge funds have also recently modified their holdings of the company. Nuveen Asset Management LLC increased its holdings in shares of Host Hotels and Resorts by 175.2% in the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock worth $213,137,000 after purchasing an additional 7,446,548 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Host Hotels and Resorts by 17.4% in the second quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock worth $185,492,000 after purchasing an additional 1,505,749 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Host Hotels and Resorts by 14.5% in the second quarter. UBS Asset Management Americas Inc. now owns 8,015,212 shares of the real estate investment trust’s stock worth $146,037,000 after purchasing an additional 1,016,831 shares during the last quarter. Man Group plc increased its holdings in shares of Host Hotels and Resorts by 58.3% in the third quarter. Man Group plc now owns 6,100,332 shares of the real estate investment trust’s stock worth $105,475,000 after purchasing an additional 2,246,074 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Host Hotels and Resorts by 8.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,011,024 shares of the real estate investment trust’s stock worth $69,351,000 after purchasing an additional 320,799 shares during the last quarter. 97.26% of the stock is currently owned by hedge funds and other institutional investors.

In other Host Hotels and Resorts news, Chairman Richard E. Marriott sold 160,195 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $18.51, for a total transaction of $2,965,209.45. Following the completion of the transaction, the chairman now owns 3,503,058 shares in the company, valued at $64,841,603.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Several research analysts recently commented on HST shares. Deutsche Bank dropped their price target on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Morgan Stanley dropped their price target on Host Hotels and Resorts from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Thursday, January 9th. ValuEngine upgraded Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets started coverage on Host Hotels and Resorts in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $19.47.

HST opened at $17.88 on Friday. The firm has a market cap of $12.87 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.08 and a beta of 1.15. Host Hotels and Resorts Inc has a 12 month low of $15.51 and a 12 month high of $20.34. The company has a current ratio of 7.70, a quick ratio of 7.70 and a debt-to-equity ratio of 0.59. The stock has a 50-day moving average of $18.06 and a 200 day moving average of $17.26.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

Further Reading: Differences Between Momentum Investing and Long Term Investing

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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