APG Asset Management N.V. Has $1.42 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

APG Asset Management N.V. lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 217.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,579 shares of the company’s stock after purchasing an additional 57,900 shares during the quarter. APG Asset Management N.V.’s holdings in Host Hotels & Resorts were worth $1,419,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HST. Czech National Bank raised its position in Host Hotels & Resorts by 0.5% during the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after purchasing an additional 569 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Host Hotels & Resorts by 3.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after buying an additional 579 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Host Hotels & Resorts by 3.0% during the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after buying an additional 584 shares during the last quarter. Covestor Ltd boosted its stake in Host Hotels & Resorts by 16.1% in the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after buying an additional 618 shares in the last quarter. Finally, Gulf International Bank UK Ltd grew its position in Host Hotels & Resorts by 16.3% in the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock valued at $92,000 after acquiring an additional 627 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Oppenheimer cut their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus price target of $21.00.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $17.60 on Tuesday. The firm’s fifty day simple moving average is $17.20 and its two-hundred day simple moving average is $18.23. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $12.41 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The firm also recently announced 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. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.55%. Host Hotels & Resorts’s payout ratio is currently 78.43%.

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.