Y Intercept Hong Kong Ltd Buys 24,654 Shares of Host Hotels & Resorts, Inc. $HST

Y Intercept Hong Kong Ltd grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 54.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 69,743 shares of the company’s stock after acquiring an additional 24,654 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Host Hotels & Resorts were worth $1,071,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HST. Teacher Retirement System of Texas bought a new position in shares of Host Hotels & Resorts during the first quarter valued at $1,453,000. Nordea Investment Management AB lifted its holdings in shares of Host Hotels & Resorts by 48.3% during the second quarter. Nordea Investment Management AB now owns 250,568 shares of the company’s stock valued at $3,849,000 after purchasing an additional 81,624 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Host Hotels & Resorts during the second quarter valued at $202,000. Cerity Partners LLC lifted its holdings in shares of Host Hotels & Resorts by 32.9% during the first quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock valued at $546,000 after purchasing an additional 9,508 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company’s stock valued at $11,260,000 after purchasing an additional 6,592 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $16.13 on Tuesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $16.94 and a two-hundred day simple moving average of $16.02. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of 17.16 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 annualized dividend and a dividend yield of 5.0%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 85.11%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on HST shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday, October 8th. Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. UBS Group increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Cantor Fitzgerald started coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.88.

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.