iA Global Asset Management Inc. Has $1.01 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

iA Global Asset Management Inc. trimmed its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,368 shares of the company’s stock after selling 5,148 shares during the period. iA Global Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $1,005,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after buying an additional 5,811,722 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after buying an additional 5,466,629 shares during the last quarter. KBC Group NV lifted its holdings in Host Hotels & Resorts by 155.2% during the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock worth $98,305,000 after purchasing an additional 3,412,589 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its holdings in Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after purchasing an additional 1,331,407 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $17,586,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HST has been the subject of several research reports. UBS Group dropped their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Citigroup dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Truist Financial dropped their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a report on Friday. Stifel Nicolaus dropped their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $19.54.

Host Hotels & Resorts Trading Down 1.8 %

Shares of HST opened at $14.69 on Friday. Host Hotels & Resorts, Inc. has a 52-week low of $14.25 and a 52-week high of $21.27. The business’s fifty day moving average is $16.32 and its 200-day moving average is $17.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 14.84 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.45%. Host Hotels & Resorts’s payout ratio is 80.81%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.