Investment Management Corp of Ontario Buys 7,800 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Investment Management Corp of Ontario increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 181,708 shares of the company’s stock after purchasing an additional 7,800 shares during the period. Investment Management Corp of Ontario’s holdings in Host Hotels & Resorts were worth $3,198,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HST. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Host Hotels & Resorts by 854.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock worth $5,750,000 after purchasing an additional 286,281 shares during the period. PGGM Investments grew its position in Host Hotels & Resorts by 2.0% during the second quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock worth $55,981,000 after buying an additional 59,772 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after acquiring an additional 113,761 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Host Hotels & Resorts by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after acquiring an additional 32,586 shares in the last quarter. Finally, Achmea Investment Management B.V. boosted its position in shares of Host Hotels & Resorts by 15.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock valued at $4,651,000 after acquiring an additional 34,977 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on HST shares. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Oppenheimer dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Finally, UBS Group decreased their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $18.52 on Wednesday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 17.98 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a 50-day moving average price of $17.81 and a 200-day moving average price of $17.66.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Host Hotels & Resorts 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.