Host Hotels & Resorts, Inc. (NASDAQ:HST) Holdings Raised by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,077,607 shares of the company’s stock after buying an additional 51,409 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.58% of Host Hotels & Resorts worth $79,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Host Hotels & Resorts by 2.5% during the first quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after acquiring an additional 1,066 shares in the last quarter. HighTower Advisors LLC acquired a new position in Host Hotels & Resorts in the first quarter worth approximately $215,000. Cetera Advisor Networks LLC raised its position in Host Hotels & Resorts by 7.6% during the first quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock valued at $285,000 after acquiring an additional 1,034 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Host Hotels & Resorts in the first quarter valued at approximately $624,000. Finally, Panagora Asset Management Inc. boosted its holdings in Host Hotels & Resorts by 82.0% in the first quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock worth $1,656,000 after purchasing an additional 38,385 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

HST has been the topic of several analyst reports. Stifel Nicolaus increased their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Jefferies Financial Group increased their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Truist Financial raised their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Finally, Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and raised their price target for the company from $18.00 to $23.00 in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.20.

Host Hotels & Resorts Stock Down 1.8 %

NASDAQ HST opened at $18.74 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The firm has a 50-day simple moving average of $20.32 and a 200 day simple moving average of $18.77. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock has a market cap of $13.19 billion, a PE ratio of 18.02, a PEG ratio of 1.70 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Insiders Place Their Bets

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.30% of the company’s stock.

About Host Hotels & Resorts

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.