QRG Capital Management Inc. Decreases Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

QRG Capital Management Inc. decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,840,501 shares of the company’s stock after selling 239,699 shares during the quarter. QRG Capital Management Inc. owned 0.26% of Host Hotels & Resorts worth $32,393,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its stake in Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after buying an additional 584 shares in the last quarter. Covestor Ltd lifted its stake in Host Hotels & Resorts by 16.1% in the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after buying an additional 618 shares in the last quarter. D Orazio & Associates Inc. lifted its stake in Host Hotels & Resorts by 6.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock valued at $197,000 after buying an additional 648 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Host Hotels & Resorts by 3.0% in the 1st quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after buying an additional 790 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Host Hotels & Resorts by 1.0% in the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock valued at $1,441,000 after buying an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST traded down $0.03 on Monday, hitting $17.30. 130,197 shares of the company’s stock were exchanged, compared to its average volume of 6,632,206. The firm has a market cap of $12.15 billion, a PE ratio of 16.20, a P/E/G ratio of 1.54 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The stock has a fifty day moving average of $17.62 and a two-hundred day moving average of $17.78. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.62%. Host Hotels & Resorts’s payout ratio is currently 74.77%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Oppenheimer cut their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Truist Financial cut their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Stifel Nicolaus dropped their price objective 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. Finally, Robert W. Baird dropped their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.29.

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.