Sumitomo Mitsui Trust Group Inc. Raises Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,768,029 shares of the company’s stock after purchasing an additional 73,198 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Host Hotels & Resorts were worth $66,317,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in Host Hotels & Resorts by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock worth $414,000 after buying an additional 5,124 shares during the period. Empowered Funds LLC lifted its stake in shares of Host Hotels & Resorts by 14.6% during the 1st quarter. Empowered Funds LLC now owns 41,347 shares of the company’s stock worth $855,000 after purchasing an additional 5,280 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock valued at $4,224,000 after purchasing an additional 39,340 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Host Hotels & Resorts by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock valued at $18,247,000 after purchasing an additional 34,179 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Host Hotels & Resorts by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,050 shares of the company’s stock valued at $26,885,000 after purchasing an additional 152,337 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Down 3.0 %

Host Hotels & Resorts stock opened at $17.46 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The business’s 50-day moving average price is $17.69 and its 200 day moving average price is $17.73. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company posted $0.41 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.96 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.58%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Wall Street Analysts Forecast Growth

HST has been the subject of several analyst reports. Robert W. Baird decreased their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Oppenheimer lowered their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. 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. Finally, JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $21.29.

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.