CANADA LIFE ASSURANCE Co Has $39.04 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

CANADA LIFE ASSURANCE Co raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,888,031 shares of the company’s stock after acquiring an additional 84,687 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.27% of Host Hotels & Resorts worth $39,037,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in shares of Host Hotels & Resorts by 62.5% in the 4th quarter. SG Americas Securities LLC now owns 55,943 shares of the company’s stock worth $1,089,000 after acquiring an additional 21,526 shares in the last quarter. CVA Family Office LLC bought a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Pacer Advisors Inc. grew its holdings in Host Hotels & Resorts by 4.0% during the 4th quarter. Pacer Advisors Inc. now owns 46,912 shares of the company’s stock worth $913,000 after acquiring an additional 1,813 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $345,000. Finally, Tectonic Advisors LLC lifted its stake in shares of Host Hotels & Resorts by 3.5% in the 4th quarter. Tectonic Advisors LLC now owns 53,395 shares of the company’s stock valued at $1,040,000 after purchasing an additional 1,818 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Host Hotels & Resorts Stock Up 0.3 %

HST stock traded up $0.06 during trading hours on Thursday, reaching $17.24. 3,018,097 shares of the stock were exchanged, compared to its average volume of 6,034,602. The firm’s 50-day moving average is $18.03 and its 200-day moving average is $19.19. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.56 and a beta of 1.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 6.66.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.64%. Host Hotels & Resorts’s payout ratio is presently 78.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HST shares. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. UBS Group decreased their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Barclays cut their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.57.

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.