Mitsubishi UFJ Asset Management Co. Ltd. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Mitsubishi UFJ Asset Management increased its stake in Host Hotels & Resorts by 1.6%, holding approximately 1,630,080 shares worth $23.16 million by the end of the 1st quarter.
• Host Hotels & Resorts reported earnings of $0.58 per share, surpassing estimates and seeing 8.2% revenue growth year-over-year, with total revenue of $1.59 billion for the quarter.
• The company announced a quarterly dividend of $0.20, yielding 5.2%, and had a dividend payout ratio of 85.11%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,630,080 shares of the company's stock after acquiring an additional 25,192 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.23% of Host Hotels & Resorts worth $23,163,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Deutsche Bank AG grew its holdings in Host Hotels & Resorts by 184.7% in the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares during the period. Rush Island Management LP acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $99,402,000. Northern Trust Corp grew its holdings in Host Hotels & Resorts by 43.3% in the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the period. Cohen & Steers Inc. grew its holdings in Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after purchasing an additional 3,932,928 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Host Hotels & Resorts by 198.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,748,185 shares of the company's stock valued at $83,190,000 after purchasing an additional 3,158,118 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HST has been the subject of several research reports. Stifel Nicolaus boosted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Evercore ISI boosted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $17.50.

Host Hotels & Resorts Stock Down 1.2%

NASDAQ HST traded down $0.19 during trading hours on Friday, hitting $15.80. 2,003,676 shares of the company were exchanged, compared to its average volume of 9,815,779. The company has a 50 day moving average of $15.92 and a two-hundred day moving average of $15.40. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The firm has a market cap of $10.86 billion, a price-to-earnings ratio of 16.84 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business's revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.1%. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

Host Hotels & Resorts Company 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.