Nomura Asset Management Co. Ltd. Buys 40,941 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nomura Asset Management Co. Ltd. raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,138,443 shares of the company’s stock after buying an additional 40,941 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Host Hotels & Resorts were worth $19,946,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. The Manufacturers Life Insurance Company raised its position in shares of Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after acquiring an additional 113,761 shares during the period. Verition Fund Management LLC increased its stake in Host Hotels & Resorts by 123.4% in the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after purchasing an additional 36,278 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Host Hotels & Resorts in the third quarter worth $540,000. Private Advisor Group LLC bought a new position in shares of Host Hotels & Resorts during the fourth quarter worth $375,000. Finally, Avanza Fonder AB acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $1,457,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $14.27 on Friday. Host Hotels & Resorts, Inc. has a 52-week low of $14.15 and a 52-week high of $20.85. The company has a market cap of $9.98 billion, a P/E ratio of 14.41 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock’s 50-day simple moving average is $16.07 and its 200 day simple moving average is $17.23.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.61%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.

Host Hotels & Resorts Company Profile

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.