Nomura Holdings Inc. Purchases New Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nomura Holdings Inc. bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 125,188 shares of the company’s stock, valued at approximately $2,437,000.

A number of other institutional investors also recently modified their holdings of HST. CVA Family Office LLC bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $26,000. Parkside Financial Bank & Trust increased its stake 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 valued at $28,000 after buying an additional 639 shares during the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in Host Hotels & Resorts during the 4th quarter worth about $40,000. Private Trust Co. NA boosted its stake in shares of Host Hotels & Resorts by 186.1% during the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock worth $46,000 after buying an additional 1,537 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Host Hotels & Resorts by 222.4% in the 4th quarter. Signaturefd LLC now owns 2,463 shares of the company’s stock valued at $48,000 after acquiring an additional 1,699 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $17.94 on Wednesday. The business’s 50-day moving average price is $18.55 and its two-hundred day moving average price is $19.41. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The stock has a market cap of $12.65 billion, a PE ratio of 17.59, a P/E/G ratio of 1.57 and a beta of 1.31.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.20 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 4.46%. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HST. Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Barclays cut their target price on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Raymond James boosted their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Finally, Truist Financial cut their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.36.

Insider Activity

In related news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction on Thursday, March 21st. The stock was 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 in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James F. Risoleo sold 28,136 shares of the 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 sale, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

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.