Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Boosted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,949 shares of the company’s stock after purchasing an additional 7,655 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Host Hotels & Resorts were worth $449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HST. LSV Asset Management grew its position in shares of Host Hotels & Resorts by 11.7% in the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after acquiring an additional 965,100 shares in the last quarter. Centersquare Investment Management LLC increased its stake in Host Hotels & Resorts by 2.3% during the fourth quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after purchasing an additional 190,606 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Host Hotels & Resorts by 6.4% during the second quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after purchasing an additional 489,415 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Host Hotels & Resorts by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock worth $104,014,000 after buying an additional 63,669 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Host Hotels & Resorts by 103.2% in the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after buying an additional 1,866,661 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HST shares. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $25.00 to $18.00 in a research report on Thursday, August 1st. Evercore ISI dropped their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Finally, Wedbush reissued an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $21.06.

Host Hotels & Resorts Stock Up 1.1 %

Shares of HST stock opened at $18.73 on Friday. The stock has a market cap of $13.21 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The stock has a fifty day moving average price of $17.20 and a 200 day moving average price of $18.38. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Monday, September 30th. Host Hotels & Resorts’s payout ratio is presently 78.43%.

Host Hotels & Resorts Company 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.