LSV Asset Management Increases Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

LSV Asset Management boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 9,189,000 shares of the company’s stock after acquiring an additional 965,100 shares during the quarter. LSV Asset Management owned about 1.30% of Host Hotels & Resorts worth $165,218,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HST. BROOKFIELD Corp ON acquired a new position in shares of Host Hotels & Resorts in the 1st quarter valued at about $25,000. Blue Trust Inc. lifted its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the period. Riverview Trust Co acquired a new position in shares of Host Hotels & Resorts in the 1st quarter valued at about $27,000. Mather Group LLC. acquired a new position in shares of Host Hotels & Resorts in the 1st quarter valued at about $35,000. Finally, 1620 Investment Advisors Inc. acquired a new position in Host Hotels & Resorts in the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock remained flat at $16.73 during midday trading on Friday. The company’s stock had a trading volume of 9,017,177 shares, compared to its average volume of 6,626,530. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year 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 stock has a market cap 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. The stock’s fifty day moving average is $17.24 and its 200-day moving average is $18.57.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders 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 dividend payout ratio is presently 78.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Wedbush reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $18.00 in a research note on Thursday, August 1st. Robert W. Baird cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Finally, Truist Financial cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.