CIBC Asset Management Inc Cuts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

CIBC Asset Management Inc trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,909 shares of the company’s stock after selling 4,864 shares during the period. CIBC Asset Management Inc’s holdings in Host Hotels & Resorts were worth $1,706,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. BROOKFIELD Corp ON bought a new position in shares of Host Hotels & Resorts during the first quarter valued at about $25,000. Riverview Trust Co bought a new position in shares of Host Hotels & Resorts during the first quarter valued at about $27,000. Blue Trust Inc. raised its stake in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after acquiring an additional 1,002 shares during the last quarter. Mather Group LLC. bought a new position in shares of Host Hotels & Resorts during the first quarter valued at about $35,000. Finally, Fidelis Capital Partners LLC bought a new position in shares of Host Hotels & Resorts during the first quarter valued at about $56,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.73 on Friday. The company’s 50 day moving average price is $17.24 and its 200-day moving average price is $18.58. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s payout ratio is 78.43%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered 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. Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Barclays decreased their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.31.

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.