iA Global Asset Management Inc. Raises Stake in Host Hotels & Resorts, Inc. $HST

iA Global Asset Management Inc. increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 30.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 82,147 shares of the company’s stock after purchasing an additional 19,020 shares during the period. iA Global Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $1,262,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HST. Armstrong Advisory Group Inc. raised its holdings in shares of Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock valued at $26,000 after acquiring an additional 1,516 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock valued at $32,000 after acquiring an additional 691 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $33,000. Ameritas Advisory Services LLC purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at about $33,000. Finally, Brooklyn Investment Group raised its holdings in shares of Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock valued at $34,000 after acquiring an additional 1,845 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HST shares. Cantor Fitzgerald started coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price target on the stock. Wells Fargo & Company upgraded Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. Evercore ISI increased their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, UBS Group increased their price objective 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 investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

Host Hotels & Resorts Price Performance

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 company has a market capitalization of $11.09 billion, a P/E ratio of 17.16 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The business’s 50-day moving average is $16.94 and its 200 day moving average is $16.02.

Host Hotels & Resorts Announces Dividend

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

About Host Hotels & Resorts

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.