AQR Capital Management LLC Buys 88,437 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

AQR Capital Management LLC increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 34.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,236 shares of the company’s stock after purchasing an additional 88,437 shares during the quarter. AQR Capital Management LLC’s holdings in Host Hotels & Resorts were worth $6,090,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia lifted its holdings in Host Hotels & Resorts by 121.8% during the fourth 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 during the last quarter. Rafferty Asset Management LLC lifted its stake in shares of Host Hotels & Resorts by 13.5% during the 4th quarter. Rafferty Asset Management LLC now owns 104,320 shares of the company’s stock valued at $2,031,000 after buying an additional 12,445 shares in the last quarter. Royal London Asset Management Ltd. boosted its holdings in Host Hotels & Resorts by 3.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 331,157 shares of the company’s stock worth $6,448,000 after buying an additional 12,547 shares during the period. Tower Research Capital LLC TRC grew its stake in Host Hotels & Resorts by 172.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 98,646 shares of the company’s stock valued at $1,921,000 after buying an additional 62,405 shares in the last quarter. Finally, Cibc World Markets Corp raised its holdings in Host Hotels & Resorts by 729.1% during the 4th quarter. Cibc World Markets Corp now owns 325,624 shares of the company’s stock valued at $6,340,000 after acquiring an additional 286,348 shares during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 2.8 %

NASDAQ HST opened at $17.86 on Friday. 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’s 50-day simple moving average is $17.20 and its two-hundred day simple moving average is $18.20. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.48%. Host Hotels & Resorts’s payout ratio is 78.43%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HST shares. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. Truist Financial reduced their target price 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. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Evercore ISI reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, Oppenheimer lowered their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.