Manchester Financial Inc. Invests $28,000 in Host Hotels and Resorts Inc (NYSE:HST)

Manchester Financial Inc. acquired a new position in shares of Host Hotels and Resorts Inc (NYSE:HST) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,519 shares of the real estate investment trust’s stock, valued at approximately $28,000.

Other institutional investors also recently bought and sold shares of the company. Phocas Financial Corp. purchased a new stake in shares of Host Hotels and Resorts during the second quarter worth $74,000. Squarepoint Ops LLC grew its stake in shares of Host Hotels and Resorts by 5.1% during the third quarter. Squarepoint Ops LLC now owns 753,745 shares of the real estate investment trust’s stock worth $13,032,000 after purchasing an additional 36,744 shares in the last quarter. Comerica Bank grew its stake in shares of Host Hotels and Resorts by 15.8% during the third quarter. Comerica Bank now owns 245,307 shares of the real estate investment trust’s stock worth $4,119,000 after purchasing an additional 33,546 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Host Hotels and Resorts by 49.1% during the third quarter. Parallel Advisors LLC now owns 6,200 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 2,042 shares in the last quarter. Finally, Evoke Wealth LLC acquired a new position in shares of Host Hotels and Resorts during the third quarter worth $65,000. 97.26% of the stock is currently owned by institutional investors and hedge funds.

In other news, Chairman Richard E. Marriott sold 160,195 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $18.51, for a total value of $2,965,209.45. Following the completion of the sale, the chairman now directly owns 3,503,058 shares of the company’s stock, valued at $64,841,603.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company’s stock.

NYSE HST opened at $17.88 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 7.70 and a quick ratio of 7.70. Host Hotels and Resorts Inc has a 1 year low of $15.51 and a 1 year high of $20.34. The company has a market capitalization of $12.82 billion, a PE ratio of 9.99, a P/E/G ratio of 2.10 and a beta of 1.15. The company has a fifty day moving average of $18.06 and a two-hundred day moving average of $17.26.

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

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

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

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

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