MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 103,504 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 91.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 216,919 shares of the company's stock after acquiring an additional 103,504 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Host Hotels & Resorts were worth $3,812,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Freedom Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 2.9% during the 4th quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock worth $389,000 after buying an additional 622 shares in the last quarter. Savant Capital LLC boosted its holdings in shares of Host Hotels & Resorts by 2.7% in the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after acquiring an additional 634 shares in the last quarter. Evergreen Wealth Solutions LLC lifted its position in Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after acquiring an additional 651 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Host Hotels & Resorts by 1.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after purchasing an additional 746 shares during the period. Finally, Ieq Capital LLC grew its stake in Host Hotels & Resorts by 7.3% in the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after buying an additional 899 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HST. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Raymond James cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Finally, Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Trading Down 0.9%

Shares of NASDAQ HST traded down $0.13 during midday trading on Friday, hitting $14.70. The stock had a trading volume of 6,820,607 shares, compared to its average volume of 8,193,679. The firm has a market cap of $10.20 billion, a P/E ratio of 14.85 and a beta of 1.29. The company's 50-day simple moving average is $14.33 and its 200 day simple moving average is $16.20. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.60 EPS. The company's quarterly revenue was up 8.4% on a year-over-year basis. Research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.44%. Host Hotels & Resorts's payout ratio is 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.