Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Holdings Raised by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,731,261 shares of the company’s stock after buying an additional 243,161 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Host Hotels & Resorts were worth $30,332,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HST. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Host Hotels & Resorts by 40.3% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 116,234 shares of the company’s stock worth $2,036,000 after purchasing an additional 33,400 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Host Hotels & Resorts by 75.0% in the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock valued at $58,590,000 after buying an additional 1,432,772 shares during the period. LPL Financial LLC grew its position in shares of Host Hotels & Resorts by 72.3% during the 4th quarter. LPL Financial LLC now owns 133,430 shares of the company’s stock valued at $2,338,000 after buying an additional 55,971 shares during the last quarter. Samalin Investment Counsel LLC bought a new position in Host Hotels & Resorts in the fourth quarter worth about $187,000. Finally, Fox Run Management L.L.C. acquired a new position in Host Hotels & Resorts in the fourth quarter valued at approximately $525,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Truist Financial dropped their target price on 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. Citigroup reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Finally, UBS Group reduced their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average price target of $19.54.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $14.81 on Thursday. The company has a 50-day moving average of $16.18 and a 200-day moving average of $17.26. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of 14.96 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a twelve month low of $14.25 and a twelve month high of $20.85.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.40%. Host Hotels & Resorts’s payout ratio 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.