iA Global Asset Management Inc. Sells 5,148 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

iA Global Asset Management Inc. lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.2% during the fourth quarter, according to its most recent 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. Banque Cantonale Vaudoise grew its position in shares of Host Hotels & Resorts by 193.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 47,437 shares of the company’s stock valued at $835,000 after buying an additional 31,261 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Host Hotels & Resorts in the 3rd quarter valued at about $336,000. Advisors Asset Management Inc. grew its position in shares of Host Hotels & Resorts by 11.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock valued at $326,000 after buying an additional 1,929 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Host Hotels & Resorts in the 3rd quarter valued at about $482,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 1.8 %

HST stock opened at $14.69 on Friday. The stock’s 50 day simple moving average is $16.32 and its 200 day simple moving average is $17.30. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.25 and a fifty-two week high of $21.27. 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 company has a market cap of $10.27 billion, a P/E ratio of 14.84 and a beta of 1.30.

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

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

HST has been the topic of a number of analyst reports. Raymond James reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Truist Financial dropped their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, UBS Group dropped their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Company 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.