Daiwa Securities Group Inc. Has $149.05 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Daiwa Securities Group Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 16.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,655,331 shares of the company's stock after selling 1,513,665 shares during the quarter. Host Hotels & Resorts comprises approximately 0.9% of Daiwa Securities Group Inc.'s holdings, making the stock its 26th biggest holding. Daiwa Securities Group Inc. owned approximately 1.09% of Host Hotels & Resorts worth $149,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter valued at $26,000. Brown Brothers Harriman & Co. lifted its holdings in Host Hotels & Resorts by 1,921.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company's stock worth $26,000 after buying an additional 1,249 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company's stock worth $28,000 after buying an additional 639 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in Host Hotels & Resorts by 66.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company's stock worth $31,000 after buying an additional 745 shares in the last quarter. Finally, NBC Securities Inc. acquired a new position in Host Hotels & Resorts in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Insider Transactions at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares of the company's stock, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.30% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on HST. Raymond James boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an "outperform" rating in a report on Friday, March 15th. Jefferies Financial Group boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 24th. Bank of America upgraded shares of Host Hotels & Resorts from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $18.00 to $23.00 in a report on Monday, January 8th. Finally, Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "hold" rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $21.20.

Host Hotels & Resorts Stock Performance

NASDAQ HST traded down $0.34 on Wednesday, hitting $18.74. The stock had a trading volume of 8,078,467 shares, compared to its average volume of 6,041,673. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.74 and a beta of 1.31. The company's 50-day moving average is $20.32 and its two-hundred day moving average is $18.77.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. Host Hotels & Resorts's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.98 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.20 dividend. This is a positive change from Host Hotels & Resorts's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts's dividend payout ratio is currently 76.92%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.