Intech Investment Management LLC Grows Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Intech Investment Management LLC raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 30.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 561,985 shares of the company’s stock after purchasing an additional 130,252 shares during the quarter. Intech Investment Management LLC owned about 0.08% of Host Hotels & Resorts worth $10,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bessemer Group Inc. raised its position in Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after purchasing an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after purchasing an additional 55,654 shares during the last quarter. BNP Paribas Financial Markets lifted its position in Host Hotels & Resorts by 11.3% during the first quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock valued at $30,323,000 after purchasing an additional 149,057 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Host Hotels & Resorts by 23.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after purchasing an additional 39,340 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HST. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, Truist Financial lowered their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven 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 $21.06.

Host Hotels & Resorts Stock Up 1.1 %

Shares of HST opened at $18.73 on Friday. The stock has a 50 day moving average price of $17.20 and a 200 day moving average price of $18.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.51 and a beta of 1.32. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) 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.