Liberty Mutual Group Asset Management Inc. Has $776,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Liberty Mutual Group Asset Management Inc. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,166 shares of the company’s stock after selling 1,737 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Host Hotels & Resorts were worth $776,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Corient Private Wealth LLC raised its position in Host Hotels & Resorts by 27.7% during the fourth quarter. Corient Private Wealth LLC now owns 53,842 shares of the company’s stock valued at $1,048,000 after purchasing an additional 11,676 shares in the last quarter. United Services Automobile Association boosted its holdings in shares of Host Hotels & Resorts by 23.7% during the 4th quarter. United Services Automobile Association now owns 19,742 shares of the company’s stock valued at $384,000 after acquiring an additional 3,785 shares in the last quarter. TD Asset Management Inc grew its position in Host Hotels & Resorts by 5.1% during the 4th quarter. TD Asset Management Inc now owns 236,035 shares of the company’s stock worth $4,596,000 after acquiring an additional 11,518 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Host Hotels & Resorts by 0.9% in 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. Finally, Evoke Wealth LLC bought a new position in Host Hotels & Resorts in the fourth quarter valued at about $3,521,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of HST opened at $18.24 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The business’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $18.31. The firm has a market cap of $12.81 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.39%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

Analysts Set New Price Targets

Several analysts have recently weighed in on HST shares. Robert W. Baird reduced their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Truist Financial reduced their target price 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. Stifel Nicolaus dropped their price target 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. Compass Point lowered shares of 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. Finally, Barclays decreased their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.06.

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.