Stoneridge Investment Partners LLC Acquires Shares of 66,937 Host Hotels & Resorts, Inc. (NASDAQ:HST)

Stoneridge Investment Partners LLC purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 66,937 shares of the company's stock, valued at approximately $1,204,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Host Hotels & Resorts by 5.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company's stock worth $11,351,000 after acquiring an additional 32,586 shares during the period. D Orazio & Associates Inc. lifted its stake in Host Hotels & Resorts by 6.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company's stock valued at $197,000 after purchasing an additional 648 shares during the last quarter. Eagle Strategies LLC bought a new position in Host Hotels & Resorts in the 2nd quarter valued at approximately $418,000. Achmea Investment Management B.V. lifted its stake in Host Hotels & Resorts by 15.6% in the 2nd quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company's stock valued at $4,651,000 after purchasing an additional 34,977 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Host Hotels & Resorts by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company's stock valued at $146,909,000 after purchasing an additional 489,415 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Up 1.3 %

Shares of HST traded up $0.22 during trading hours on Friday, hitting $17.42. 5,171,153 shares of the stock were exchanged, compared to its average volume of 6,658,033. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The business has a 50-day moving average of $17.18 and a 200-day moving average of $18.46. The firm has a market capitalization of $12.28 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts's payout ratio is 78.43%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI dropped 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 note on Tuesday, August 13th. Wedbush reissued an "outperform" rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Barclays decreased their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an "overweight" rating for the company in a research report on Thursday, May 30th. Finally, Wells Fargo & Company decreased their price target 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $21.06.

About Host Hotels & Resorts

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.