181,040 Shares in Host Hotels & Resorts, Inc. $HST Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 181,040 Host Hotels & Resorts shares in the third quarter, valued at approximately $4.05 million.
• Host Hotels reported quarterly EPS of $0.10, beating the $0.09 consensus, while revenue of $1.35 billion fell short of estimates but rose 1.2% year over year.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $25.35. The company’s quarterly dividend of $0.20 per share equates to an annualized yield of 3.2% at the article’s cited share price.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 181,040 shares of the company's stock, valued at approximately $4,053,000.

Several other large investors have also modified their holdings of HST. BlackRock Inc. acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth $2,096,191,000. Deutsche Bank AG acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $296,560,000. Bank of America Corp DE acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $295,807,000. Bank of New York Mellon Corp purchased a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $143,770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Host Hotels & Resorts by 16,183.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,323,184 shares of the company's stock worth $126,213,000 after buying an additional 5,290,493 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.01 during midday trading on Friday, hitting $24.62. 9,292,750 shares of the stock were exchanged, compared to its average volume of 7,892,983. Host Hotels & Resorts, Inc. has a twelve month low of $16.77 and a twelve month high of $26.19. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The company has a 50 day moving average price of $23.21 and a 200-day moving average price of $22.08. The stock has a market cap of $16.87 billion, a P/E ratio of 17.97, a PEG ratio of 3.54 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 2.20 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. Host Hotels & Resorts's dividend payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an "overweight" rating in a report on Monday, October 26th. Cantor Fitzgerald boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upped their price target on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a report on Monday, October 26th. Finally, Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a "buy" rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $25.35.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the sale, the executive vice president owned 618,207 shares in the company, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company's stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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