Acadian Asset Management LLC Buys 38,426 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Acadian Asset Management LLC increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1,762.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,606 shares of the company’s stock after purchasing an additional 38,426 shares during the quarter. Acadian Asset Management LLC’s holdings in Host Hotels & Resorts were worth $729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after buying an additional 2,165,260 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after acquiring an additional 1,866,661 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its holdings in Host Hotels & Resorts by 106.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock worth $66,590,000 after acquiring an additional 1,764,294 shares during the period. KBC Group NV increased its holdings in Host Hotels & Resorts by 782.1% during the 4th quarter. KBC Group NV now owns 1,621,288 shares of the company’s stock worth $31,567,000 after acquiring an additional 1,437,499 shares during the period. Finally, Vision Capital Corp purchased a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $21,826,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $17.81 on Wednesday. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company has a fifty day moving average of $17.18 and a 200-day moving average of $18.40. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HST. Robert W. Baird reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Evercore ISI lowered their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Truist Financial dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.06.

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.