Host Hotels & Resorts, Inc. $HST Stock: Sumitomo Mitsui Trust Group Inc. Boosts Holdings

Sumitomo Mitsui Trust Group Inc. raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,161,448 shares of the company’s stock after buying an additional 223,405 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.32% of Host Hotels & Resorts worth $48,395,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new position in Host Hotels & Resorts in the third quarter worth approximately $4,053,000. Profund Advisors LLC purchased a new stake in Host Hotels & Resorts during the 3rd quarter worth about $285,000. ProShare Advisors LLC increased its stake in Host Hotels & Resorts by 7.6% in the 3rd quarter. ProShare Advisors LLC now owns 196,892 shares of the company’s stock worth $4,408,000 after acquiring an additional 13,893 shares during the last quarter. Vise Technologies Inc. lifted its holdings in shares of Host Hotels & Resorts by 22.6% in the 3rd quarter. Vise Technologies Inc. now owns 70,464 shares of the company’s stock worth $1,578,000 after acquiring an additional 13,005 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of Host Hotels & Resorts by 6.5% during the third quarter. MGO One Seven LLC now owns 17,716 shares of the company’s stock valued at $397,000 after acquiring an additional 1,087 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president directly owned 618,207 shares in the company, valued at $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

HST has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research note on Thursday, September 10th. Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Finally, Cantor Fitzgerald lifted their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $25.14.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $26.13 on Thursday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $17.90 billion, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 3.56 and a beta of 1.09. The firm’s fifty day moving average price is $23.12 and its two-hundred day moving average price is $22.02. Host Hotels & Resorts, Inc. has a 1 year low of $16.02 and a 1 year high of $26.17.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 4th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.30. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.35 earnings per share. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 2.19 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 53.33%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.