Sumitomo Mitsui DS Asset Management Company Ltd Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 203,266 shares of the company’s stock after buying an additional 6,839 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Host Hotels & Resorts were worth $3,577,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. raised its stake in Host Hotels & Resorts by 645.5% in the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock valued at $39,037,000 after purchasing an additional 84,687 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after purchasing an additional 55,654 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Host Hotels & Resorts by 11.3% in the first quarter. BNP Paribas Financial Markets now owns 1,466,275 shares of the company’s stock valued at $30,323,000 after purchasing an additional 149,057 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Host Hotels & Resorts by 23.9% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after purchasing an additional 39,340 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Down 1.5 %

Shares of Host Hotels & Resorts stock opened at $17.77 on Monday. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 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. The stock has a market cap of $12.53 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The firm has a fifty day moving average price of $17.43 and a 200 day moving average price of $17.95.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.50%. Host Hotels & Resorts’s payout ratio is 78.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HST shares. Robert W. Baird lowered 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 report on Monday, August 5th. Evercore ISI cut their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Oppenheimer dropped their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $22.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.27.

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.