Renaissance Technologies LLC Has $43.54 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Renaissance Technologies LLC lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,421,465 shares of the company’s stock after selling 81,200 shares during the quarter. Renaissance Technologies LLC owned 0.34% of Host Hotels & Resorts worth $43,538,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of analysts recently issued reports on HST shares. Robert W. Baird reduced their price objective on 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. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $20.00 to $18.00 in a report on Friday, July 19th. Wells Fargo & Company dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $25.00 to $18.00 in a research note on Thursday, August 1st. Finally, Stifel Nicolaus dropped their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.06.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $17.88 on Thursday. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.51 and a beta of 1.32. The business has a 50 day moving average price of $17.18 and a 200 day moving average price of $18.39. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31.

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 given a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. Host Hotels & Resorts’s dividend payout ratio is 78.43%.

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.