Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,361 shares of the company’s stock after selling 6,408 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.07% of Host Hotels & Resorts worth $8,853,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. MBB Public Markets I LLC purchased a new stake in Host Hotels & Resorts during the second quarter valued at about $932,000. APG Asset Management N.V. grew its holdings in shares of Host Hotels & Resorts by 217.0% during the 2nd quarter. APG Asset Management N.V. now owns 84,579 shares of the company’s stock worth $1,419,000 after purchasing an additional 57,900 shares during the period. APG Asset Management US Inc. increased its position in Host Hotels & Resorts by 25.8% during the 2nd quarter. APG Asset Management US Inc. now owns 1,780,000 shares of the company’s stock worth $31,381,000 after purchasing an additional 365,000 shares in the last quarter. AQR Capital Management LLC raised its holdings in Host Hotels & Resorts by 34.8% in the second quarter. AQR Capital Management LLC now owns 342,236 shares of the company’s stock valued at $6,090,000 after buying an additional 88,437 shares during the period. Finally, AXA S.A. lifted its position in Host Hotels & Resorts by 785.0% during the second quarter. AXA S.A. now owns 127,296 shares of the company’s stock valued at $2,289,000 after buying an additional 112,912 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HST has been the subject of several recent research reports. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Oppenheimer cut their price objective on 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. Truist Financial decreased their target price 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. Evercore ISI dropped their target price 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. Finally, JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $20.00 to $18.00 in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Host Hotels & Resorts Stock Up 2.8 %

HST stock opened at $17.86 on Friday. 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 firm has a 50 day simple moving average of $17.20 and a 200-day simple moving average of $18.20. The company has a market capitalization of $12.59 billion, a P/E ratio of 17.51, a PEG ratio of 1.67 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.48%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.