Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Bank of Montreal Can

Bank of Montreal Can grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 10.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 772,689 shares of the company’s stock after buying an additional 74,780 shares during the quarter. Bank of Montreal Can owned 0.11% of Host Hotels & Resorts worth $13,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of HST. Corient Private Wealth LLC lifted its holdings in Host Hotels & Resorts by 27.7% during the 4th quarter. Corient Private Wealth LLC now owns 53,842 shares of the company’s stock worth $1,048,000 after buying an additional 11,676 shares in the last quarter. TD Asset Management Inc boosted its holdings in Host Hotels & Resorts by 5.1% in the fourth quarter. TD Asset Management Inc now owns 236,035 shares of the company’s stock valued at $4,596,000 after purchasing an additional 11,518 shares during the period. Treasurer of the State of North Carolina grew its stake in Host Hotels & Resorts by 0.9% during the 4th quarter. Treasurer of the State of North Carolina now owns 332,469 shares of the company’s stock worth $6,473,000 after purchasing an additional 3,040 shares in the last quarter. Qtron Investments LLC purchased a new stake in Host Hotels & Resorts during the 4th quarter worth about $276,000. Finally, Bank of Nova Scotia raised its position in Host Hotels & Resorts by 121.8% in the 4th quarter. Bank of Nova Scotia now owns 87,660 shares of the company’s stock valued at $1,707,000 after purchasing an additional 48,146 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.13 on Friday. The company’s 50 day simple moving average is $17.21 and its 200-day simple moving average is $18.27. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The firm has a market cap of $12.78 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.41%. Host Hotels & Resorts’s payout ratio is 78.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HST shares. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Oppenheimer dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird lowered their target price 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. Finally, Stifel Nicolaus cut their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.00.

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.