Integrated Quantitative Investments LLC Invests $380,000 in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Integrated Quantitative Investments LLC purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 21,700 shares of the company’s stock, valued at approximately $380,000.

Other large investors have also bought and sold shares of the company. Verition Fund Management LLC raised its position in shares of Host Hotels & Resorts by 123.4% in the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after acquiring an additional 36,278 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Host Hotels & Resorts in the third quarter worth $540,000. Private Advisor Group LLC bought a new position in shares of Host Hotels & Resorts during the fourth quarter worth $375,000. Avanza Fonder AB acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $1,457,000. Finally, Vert Asset Management LLC increased its position in shares of Host Hotels & Resorts by 9.4% in the 4th quarter. Vert Asset Management LLC now owns 309,446 shares of the company’s stock valued at $5,421,000 after buying an additional 26,678 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company lowered their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Finally, Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Trading Down 1.2 %

Shares of Host Hotels & Resorts stock opened at $13.14 on Friday. The stock has a market cap of $9.19 billion, a P/E ratio of 13.27 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 12-month low of $12.27 and a 12-month high of $20.73. The business’s 50 day moving average is $15.75 and its 200-day moving average is $17.12.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 6.09%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.