Daiwa Securities Group Inc. boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,899,205 shares of the company's stock after purchasing an additional 2,261,877 shares during the period. Host Hotels & Resorts comprises about 1.2% of Daiwa Securities Group Inc.'s investment portfolio, making the stock its 24th biggest position. Daiwa Securities Group Inc. owned 2.27% of Host Hotels & Resorts worth $278,554,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Host Hotels & Resorts by 23.1% in the third 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 last quarter. Verition Fund Management LLC increased its holdings in Host Hotels & Resorts by 123.4% during the 3rd 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. bought a new position in Host Hotels & Resorts in the 3rd quarter valued at $540,000. LMR Partners LLP bought a new position in Host Hotels & Resorts in the 3rd quarter valued at $4,775,000. Finally, Aigen Investment Management LP acquired a new position in Host Hotels & Resorts in the third quarter worth $639,000. 98.52% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on HST shares. UBS Group lowered their target price on 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. Raymond James lowered their price objective on shares of 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. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Monday. StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $20.21.
Get Our Latest Research Report on HST
Host Hotels & Resorts Trading Down 3.9 %
Shares of NASDAQ:HST traded down $0.59 during midday trading on Thursday, hitting $14.52. The company had a trading volume of 10,892,075 shares, compared to its average volume of 7,014,031. The firm has a fifty day simple moving average of $16.63 and a 200 day simple moving average of $17.43. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 14.67 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 12 month low of $14.30 and a 12 month high of $21.27.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.51%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.
Host Hotels & Resorts Company Profile
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Free Report)
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.
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