Sumitomo Mitsui Trust Group Inc. lowered its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,300,092 shares of the company’s stock after selling 55,665 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Host Hotels & Resorts were worth $40,781,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Caprock Group LLC bought a new stake in Host Hotels & Resorts during the 3rd quarter worth approximately $1,234,000. AlphaQuest LLC increased its holdings in Host Hotels & Resorts by 150.4% during the 3rd quarter. AlphaQuest LLC now owns 185,573 shares of the company’s stock worth $3,158,000 after acquiring an additional 111,452 shares during the period. Russell Investments Group Ltd. increased its holdings in Host Hotels & Resorts by 68.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 7,370,907 shares of the company’s stock worth $125,454,000 after acquiring an additional 2,999,082 shares during the period. Rakuten Investment Management Inc. bought a new stake in Host Hotels & Resorts during the 3rd quarter worth approximately $474,000. Finally, Xponance Inc. increased its holdings in Host Hotels & Resorts by 24.5% during the 3rd quarter. Xponance Inc. now owns 377,095 shares of the company’s stock worth $6,418,000 after acquiring an additional 74,211 shares during the period. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
HST stock opened at $20.57 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.59 and a quick ratio of 2.59. Host Hotels & Resorts, Inc. has a one year low of $13.31 and a one year high of $21.00. The stock has a market cap of $14.14 billion, a PE ratio of 18.70, a P/E/G ratio of 2.39 and a beta of 1.11. The firm has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $18.29.
Host Hotels & Resorts Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Tuesday, March 31st. Host Hotels & Resorts’s payout ratio is currently 72.73%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on HST. UBS Group upped their target price on shares of Host Hotels & Resorts from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Robert W. Baird set a $20.00 target price on shares of Host Hotels & Resorts in a report on Monday, January 12th. Argus raised shares of Host Hotels & Resorts to a “strong-buy” rating in a report on Wednesday, March 18th. Weiss Ratings raised shares of Host Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Finally, LADENBURG THALM/SH SH began coverage on shares of Host Hotels & Resorts in a report on Thursday, March 26th. They set a “buy” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.08.
Check Out Our Latest Research 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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