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

QRG Capital Management Inc. decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,840,501 shares of the company's stock after selling 239,699 shares during the quarter. QRG Capital Management Inc. owned about 0.26% of Host Hotels & Resorts worth $32,393,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Host Hotels & Resorts by 3,870.5% in the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company's stock worth $45,934,000 after purchasing an additional 2,165,260 shares during the period. Russell Investments Group Ltd. increased its position in Host Hotels & Resorts by 103.2% during the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company's stock worth $76,002,000 after purchasing an additional 1,866,661 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its stake in Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock valued at $143,169,000 after purchasing an additional 1,339,458 shares during the last quarter. LSV Asset Management boosted its position in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company's stock valued at $165,218,000 after buying an additional 965,100 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company's stock worth $33,963,000 after buying an additional 866,530 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HST. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. 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. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, Evercore ISI dropped their price target 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.29.

Host Hotels & Resorts Trading Up 0.3 %

Shares of Host Hotels & Resorts stock traded up $0.06 on Monday, reaching $17.39. 6,766,880 shares of the company's stock were exchanged, compared to its average volume of 6,663,637. The company has a market capitalization of $12.22 billion, a P/E ratio of 16.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The firm's 50-day moving average is $17.62 and its two-hundred day moving average is $17.77.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's payout ratio is 74.77%.

Host Hotels & Resorts Company Profile

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.