SG Americas Securities LLC Increases Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

SG Americas Securities LLC lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 49.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 96,974 shares of the company’s stock after purchasing an additional 32,074 shares during the period. SG Americas Securities LLC’s holdings in Host Hotels & Resorts were worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. Russell Investments Group Ltd. increased its stake in Host Hotels & Resorts by 103.2% in the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after purchasing an additional 1,866,661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock valued at $143,169,000 after buying an additional 1,339,458 shares during the last quarter. LSV Asset Management raised its stake in Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after acquiring an additional 965,100 shares in the last quarter. Lazard Asset Management LLC lifted its position in Host Hotels & Resorts by 111.7% in the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after acquiring an additional 866,530 shares during the last quarter. Finally, National Bank of Canada FI boosted its stake in Host Hotels & Resorts by 285.7% in the second quarter. National Bank of Canada FI now owns 1,131,323 shares of the company’s stock valued at $19,945,000 after acquiring an additional 838,005 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.46 on Wednesday. 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 company’s 50-day moving average price is $17.21 and its 200 day moving average price is $18.12. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HST. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Friday, July 19th. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Oppenheimer lowered 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 reduced their price target for the company from $25.00 to $18.00 in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lowered 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 analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

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.