Nomura Holdings Inc. Invests $1.83 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nomura Holdings Inc. acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 104,187 shares of the company's stock, valued at approximately $1,825,000.

Other hedge funds have also modified their holdings of the company. Ritholtz Wealth Management grew its stake in Host Hotels & Resorts by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 106,073 shares of the company's stock valued at $1,858,000 after acquiring an additional 10,463 shares in the last quarter. Avanza Fonder AB bought a new position in Host Hotels & Resorts during the 4th quarter valued at about $1,457,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after acquiring an additional 991 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Host Hotels & Resorts by 186.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,203 shares of the company's stock worth $915,000 after purchasing an additional 33,984 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Host Hotels & Resorts by 56.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,119 shares of the company's stock valued at $212,000 after purchasing an additional 4,391 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Raymond James dropped their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Morgan Stanley dropped their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Wells Fargo & Company cut their price objective 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.17 during midday trading on Friday, hitting $14.67. The company's stock had a trading volume of 1,783,731 shares, compared to its average volume of 8,144,424. The company has a market cap of $10.17 billion, a P/E ratio of 14.81 and a beta of 1.29. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The business's 50 day simple moving average is $14.34 and its 200 day simple moving average is $16.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

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.