Mirae Asset Global Investments Co. Ltd. lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 31.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,596 shares of the company’s stock after purchasing an additional 32,142 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Host Hotels & Resorts were worth $2,386,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Clearstead Advisors LLC lifted its position in Host Hotels & Resorts by 79.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after acquiring an additional 786 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Host Hotels & Resorts during the 2nd quarter worth $29,000. Hantz Financial Services Inc. lifted its position in Host Hotels & Resorts by 234.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock worth $33,000 after acquiring an additional 1,339 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Host Hotels & Resorts during the 3rd quarter worth $34,000. Finally, MUFG Securities EMEA plc acquired a new position in Host Hotels & Resorts during the 2nd quarter worth $32,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Performance
NASDAQ HST opened at $20.85 on Thursday. The stock has a market cap of $14.33 billion, a P/E ratio of 18.95, a PEG ratio of 2.44 and a beta of 1.11. The company’s 50-day simple moving average is $19.66 and its 200 day simple moving average is $18.41. Host Hotels & Resorts, Inc. has a twelve month low of $13.65 and a twelve month high of $21.55. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 0.77.
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 72.73%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, March 26th. Barclays upped their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Argus raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Host Hotels & Resorts in a research report on Tuesday, January 13th. Finally, Weiss Ratings raised shares of Host Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.38.
Read Our Latest Report on Host Hotels & Resorts
Host Hotels & Resorts Company Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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