Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by LSV Asset Management

LSV Asset Management lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,189,000 shares of the company’s stock after purchasing an additional 965,100 shares during the period. LSV Asset Management’s holdings in Host Hotels & Resorts were worth $165,218,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caprock Group LLC increased its position in Host Hotels & Resorts by 16.9% in the 2nd quarter. Caprock Group LLC now owns 18,206 shares of the company’s stock valued at $331,000 after acquiring an additional 2,632 shares during the period. Acadian Asset Management LLC increased its position in Host Hotels & Resorts by 1,762.7% in the 2nd quarter. Acadian Asset Management LLC now owns 40,606 shares of the company’s stock valued at $729,000 after acquiring an additional 38,426 shares during the period. Illinois Municipal Retirement Fund increased its position in Host Hotels & Resorts by 19.9% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 594,786 shares of the company’s stock valued at $10,694,000 after acquiring an additional 98,922 shares during the period. Sustainable Insight Capital Management LLC increased its position in Host Hotels & Resorts by 103.3% in the 2nd quarter. Sustainable Insight Capital Management LLC now owns 24,800 shares of the company’s stock valued at $446,000 after acquiring an additional 12,600 shares during the period. Finally, Candriam S.C.A. increased its position in Host Hotels & Resorts by 16.0% in the 2nd quarter. Candriam S.C.A. now owns 1,517,163 shares of the company’s stock valued at $27,277,000 after acquiring an additional 209,360 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST stock remained flat at $16.73 on Friday. The company had a trading volume of 9,017,177 shares, compared to its average volume of 6,626,530. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average price is $17.24 and its two-hundred day moving average price is $18.57. The company has a market capitalization of $11.80 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors 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 of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $25.00 to $18.00 in a report on Thursday, August 1st. Stifel Nicolaus lowered their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. Evercore ISI lowered their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.31.

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.