Elo Mutual Pension Insurance Co Has $1.26 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Elo Mutual Pension Insurance Co boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,948 shares of the company’s stock after purchasing an additional 5,709 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Host Hotels & Resorts were worth $1,258,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. BROOKFIELD Corp ON bought a new stake in Host Hotels & Resorts during the 1st quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after buying an additional 1,002 shares during the last quarter. Riverview Trust Co acquired a new stake in shares of Host Hotels & Resorts in the first quarter worth $27,000. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts during the second quarter worth $30,000. Finally, Mather Group LLC. acquired a new position in Host Hotels & Resorts during the 1st quarter valued at $35,000. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Evercore ISI cut their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Barclays decreased their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Finally, Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.06.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $18.73 on Friday. The firm has a market cap of $13.21 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. The company’s 50-day moving average price is $17.20 and its two-hundred day moving average price is $18.38. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31.

Host Hotels & Resorts Dividend Announcement

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

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.