Sumitomo Mitsui Trust Group Inc. Increases Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,688,843 shares of the company's stock after acquiring an additional 72,349 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.53% of Host Hotels & Resorts worth $52,418,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HST. Private Advisor Group LLC bought a new position in Host Hotels & Resorts during the 4th quarter valued at about $375,000. IFP Advisors Inc lifted its stake in Host Hotels & Resorts by 716.4% during the 4th 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 period. Proficio Capital Partners LLC bought a new position in Host Hotels & Resorts during the 4th quarter valued at about $430,000. US Bancorp DE lifted its stake in Host Hotels & Resorts by 6.8% during the 4th quarter. US Bancorp DE now owns 34,423 shares of the company's stock valued at $603,000 after acquiring an additional 2,191 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded up $0.04 during midday trading on Friday, hitting $16.21. The stock had a trading volume of 5,858,876 shares, compared to its average volume of 8,769,394. The firm's fifty day moving average is $15.35 and its two-hundred day moving average is $15.67. The company has a market capitalization of $11.24 billion, a PE ratio of 16.88 and a beta of 1.31. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.37. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76.

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

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.94%. The ex-dividend date is Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 83.33%.

Wall Street Analyst Weigh In

HST has been the topic of several recent research reports. Morgan Stanley lowered their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Finally, Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. One 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. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $17.96.

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.