Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 18.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,718,308 shares of the company’s stock after purchasing an additional 418,216 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Host Hotels & Resorts were worth $52,083,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Host Hotels & Resorts by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 108,128,327 shares of the company’s stock valued at $1,917,115,000 after acquiring an additional 383,490 shares during the last quarter. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $628,014,000. Invesco Ltd. lifted its holdings in shares of Host Hotels & Resorts by 9.7% in the 3rd quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after acquiring an additional 2,217,322 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Host Hotels & Resorts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock valued at $402,056,000 after purchasing an additional 493,177 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Host Hotels & Resorts by 251.9% during the 1st quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company’s stock valued at $263,555,000 after purchasing an additional 9,846,104 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Performance
NASDAQ:HST opened at $23.18 on Monday. The firm has a market capitalization of $15.88 billion, a P/E ratio of 15.77, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $23.34 and a 200 day moving average of $20.73. Host Hotels & Resorts, Inc. has a 52 week low of $15.11 and a 52 week high of $25.41.
Host Hotels & Resorts Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 54.42%.
Analyst Ratings Changes
HST has been the topic of a number of analyst reports. Morgan Stanley lifted their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. Argus set a $27.00 price target on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Citigroup lifted their price objective on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. UBS Group boosted their target price on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Weiss Ratings cut Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $23.95.
View Our Latest Research Report on Host Hotels & Resorts
Insider Transactions at Host Hotels & Resorts
In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the transaction, the executive vice president owned 697,658 shares in the company, valued at $15,348,476. The trade was a 7.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by corporate insiders.
Host Hotels & Resorts Profile
Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.
The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.
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