Asset Management One Co. Ltd. Raises Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Asset Management One Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,456,690 shares of the company's stock after purchasing an additional 24,227 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.21% of Host Hotels & Resorts worth $20,700,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HST. Private Advisor Group LLC purchased a new position in Host Hotels & Resorts during the fourth quarter worth approximately $375,000. Ieq Capital LLC raised its holdings in shares of Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after acquiring an additional 899 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $689,000. IFP Advisors Inc raised its holdings in shares of Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after acquiring an additional 2,493 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Host Hotels & Resorts by 4.6% in the fourth quarter. Bank of New York Mellon Corp now owns 5,584,700 shares of the company's stock valued at $97,844,000 after purchasing an additional 246,376 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on HST. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday. They issued a "neutral" rating and a $16.00 price target for the company. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley cut their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Compass Point cut 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 report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and an average price target of $18.12.

Host Hotels & Resorts Trading Down 1.1%

HST opened at $15.50 on Thursday. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.37. The business has a fifty day simple moving average of $15.05 and a 200-day simple moving average of $15.83. The firm has a market cap of $10.75 billion, a P/E ratio of 16.15 and a beta of 1.32. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the business posted $0.60 earnings per share. The company's quarterly revenue was up 8.4% on a year-over-year basis. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 5.16%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

Host Hotels & Resorts Profile

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.

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