iA Global Asset Management Inc. Acquires 19,020 Shares of Host Hotels & Resorts, Inc. $HST

iA Global Asset Management Inc. grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 30.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 82,147 shares of the company’s stock after buying an additional 19,020 shares during the period. iA Global Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $1,262,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HST. Nuveen LLC bought a new position in shares of Host Hotels & Resorts during the first quarter valued at approximately $69,989,000. Millennium Management LLC increased its holdings in Host Hotels & Resorts by 1,607.3% during the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company’s stock worth $43,810,000 after purchasing an additional 2,902,471 shares during the period. Brandywine Global Investment Management LLC bought a new stake in Host Hotels & Resorts during the 1st quarter valued at $38,611,000. Invesco Ltd. raised its position in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock valued at $356,088,000 after purchasing an additional 2,503,550 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Host Hotels & Resorts by 172.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company’s stock valued at $36,960,000 after purchasing an additional 1,644,843 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.7%

Shares of NASDAQ HST opened at $16.13 on Tuesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $11.09 billion, a PE ratio of 17.16 and a beta of 1.36. The stock’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.02. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 85.11%.

Analysts Set New Price Targets

HST has been the subject of a number of research analyst reports. Truist Financial lifted their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday, October 8th. Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 target price for the company. Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, UBS Group increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Profile

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.