iA Global Asset Management Inc. Decreases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

iA Global Asset Management Inc. trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 46,694 shares of the company’s stock after selling 4,977 shares during the quarter. iA Global Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Czech National Bank raised its position in shares of Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after purchasing an additional 569 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after acquiring an additional 579 shares during the period. Cornercap Investment Counsel Inc. grew its stake in Host Hotels & Resorts by 0.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock valued at $1,613,000 after acquiring an additional 610 shares during the period. Eagle Strategies LLC boosted its stake in Host Hotels & Resorts by 2.9% during the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock worth $420,000 after purchasing an additional 617 shares during the last quarter. Finally, Covestor Ltd boosted its stake in Host Hotels & Resorts by 16.1% during the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after purchasing an additional 618 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Barclays reduced their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Friday, July 19th. UBS Group reduced their price target 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. Finally, Truist Financial reduced their price target 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.33.

Host Hotels & Resorts Stock Down 4.3 %

HST traded down $0.76 on Thursday, reaching $16.75. The company’s stock had a trading volume of 19,486,163 shares, compared to its average volume of 6,235,153. The stock has a 50 day moving average of $17.94 and a two-hundred day moving average of $19.11. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of 16.42, a P/E/G ratio of 1.55 and a beta of 1.33. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In other 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 owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is owned by company insiders.

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.