Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,618 shares of the company’s stock after selling 3,574 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Host Hotels & Resorts were worth $2,097,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Bessemer Group Inc. increased its position in shares of Host Hotels & Resorts by 645.5% in the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock valued at $1,331,000 after acquiring an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in shares of Host Hotels & Resorts by 4.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after purchasing an additional 84,687 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Host Hotels & Resorts by 9.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock worth $13,344,000 after purchasing an additional 55,654 shares during the period. BNP Paribas Financial Markets boosted its position in Host Hotels & Resorts by 11.3% in the first quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock valued at $30,323,000 after buying an additional 149,057 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Host Hotels & Resorts by 23.9% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after buying an additional 39,340 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $18.21 on Thursday. The business’s 50 day moving average price is $17.20 and its 200 day moving average price is $18.31. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.39%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Analysts Set New Price Targets

HST has been the subject of several research reports. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Oppenheimer decreased their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Evercore ISI cut their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Truist Financial reduced 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, September 4th. Finally, Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.06.

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.