Ontario Teachers Pension Plan Board Raises Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ontario Teachers Pension Plan Board increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 333.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,075 shares of the company’s stock after purchasing an additional 45,453 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Host Hotels & Resorts were worth $1,222,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Host Hotels & Resorts by 62.5% in the fourth quarter. SG Americas Securities LLC now owns 55,943 shares of the company’s stock valued at $1,089,000 after buying an additional 21,526 shares during the last quarter. CVA Family Office LLC purchased a new stake in Host Hotels & Resorts in the fourth quarter valued at about $26,000. Pacer Advisors Inc. raised its stake in shares of Host Hotels & Resorts by 4.0% in the fourth quarter. Pacer Advisors Inc. now owns 46,912 shares of the company’s stock worth $913,000 after purchasing an additional 1,813 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $345,000. Finally, Tectonic Advisors LLC raised its stake in shares of Host Hotels & Resorts by 3.5% in the fourth quarter. Tectonic Advisors LLC now owns 53,395 shares of the company’s stock worth $1,040,000 after purchasing an additional 1,818 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a report on Thursday, May 30th. UBS Group dropped their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Truist Financial dropped their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, Barclays lowered their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.57.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the sale, the director now directly owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by company insiders.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded up $0.12 on Tuesday, hitting $18.05. The stock had a trading volume of 263,148 shares, compared to its average volume of 5,993,231. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.56 and a beta of 1.33. The company’s 50 day moving average price is $18.07 and its 200 day moving average price is $19.22.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio is presently 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.