Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Holdings Increased by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 40.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,234 shares of the company’s stock after buying an additional 33,400 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Host Hotels & Resorts were worth $2,036,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after buying an additional 950,431 shares during the period. Geode Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after acquiring an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Host Hotels & Resorts by 16.6% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after purchasing an additional 2,261,877 shares during the period. Charles Schwab Investment Management Inc. grew its position in Host Hotels & Resorts by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company’s stock worth $181,685,000 after purchasing an additional 69,198 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after purchasing an additional 5,811,722 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on HST shares. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Trading Up 0.1 %

Host Hotels & Resorts stock opened at $14.81 on Thursday. Host Hotels & Resorts, Inc. has a one year low of $14.25 and a one year high of $20.85. The company’s fifty day moving average price is $16.18 and its two-hundred day moving average price is $17.26. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 14.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.40%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.