Axa S.A. Has $2.29 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Axa S.A. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 785.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,296 shares of the company’s stock after buying an additional 112,912 shares during the quarter. Axa S.A.’s holdings in Host Hotels & Resorts were worth $2,289,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BROOKFIELD Corp ON bought a new position in Host Hotels & Resorts during the first quarter worth $25,000. Blue Trust Inc. increased its position in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares in the last quarter. Riverview Trust Co acquired a new position in shares of Host Hotels & Resorts during the first quarter worth approximately $27,000. Global X Japan Co. Ltd. bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth $30,000. Finally, Mather Group LLC. acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at $35,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HST. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. Truist Financial dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Evercore ISI reduced their target price 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, Wells Fargo & Company lowered their target price 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. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Host Hotels & Resorts Price Performance

HST opened at $17.60 on Tuesday. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $12.41 billion, a P/E ratio of 17.25, a PEG ratio of 1.67 and a beta of 1.32. The stock has a 50-day moving average price of $17.20 and a 200-day moving average price of $18.23. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Host Hotels & Resorts 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.