Sumitomo Mitsui DS Asset Management Company Ltd Buys 967 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 182,193 shares of the company’s stock after purchasing an additional 967 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Host Hotels & Resorts were worth $3,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $26,000. Parkside Financial Bank & Trust raised its position in Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the period. NBC Securities Inc. bought a new stake in Host Hotels & Resorts in the third quarter worth about $35,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $40,000. Finally, Private Trust Co. NA grew its stake in shares of Host Hotels & Resorts by 186.1% during the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after buying an additional 1,537 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Company boosted their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Raymond James raised their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Truist Financial boosted their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, Bank of America upgraded Host Hotels & Resorts from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $23.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Insiders Place Their Bets

In other news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $19.00 on Tuesday. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a market capitalization of $13.37 billion, a PE ratio of 18.27, a P/E/G ratio of 1.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.29 and a current ratio of 3.29. The company has a 50-day simple moving average of $20.27 and a two-hundred day simple moving average of $18.86.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.44 earnings per share. Host Hotels & Resorts’s revenue was up 4.8% on a year-over-year basis. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.20 per share. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

Host Hotels & Resorts 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.