BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $2.07 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,622 shares of the company’s stock after selling 17,137 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Host Hotels & Resorts were worth $2,069,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after acquiring an additional 286,281 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after acquiring an additional 113,761 shares during the period. PGGM Investments lifted its holdings in shares of Host Hotels & Resorts by 2.0% during the second quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock valued at $55,981,000 after acquiring an additional 59,772 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Host Hotels & Resorts by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after acquiring an additional 32,586 shares during the period. Finally, Achmea Investment Management B.V. lifted its holdings in shares of Host Hotels & Resorts by 15.6% during the second quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock valued at $4,651,000 after acquiring an additional 34,977 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HST. 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 report on Wednesday, September 4th. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $19.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 26th. UBS Group cut their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, 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. Two equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $18.53 on Thursday. The stock has a market capitalization of $12.95 billion, a P/E ratio of 17.99 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $17.81 and a two-hundred day moving average price of $17.66.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.32%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

About Host Hotels & Resorts

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.