Meiji Yasuda Asset Management Co Ltd. Has $2.04 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 40.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,234 shares of the company's stock after buying an additional 33,400 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Host Hotels & Resorts were worth $2,036,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Freedom Investment Management Inc. grew its holdings in Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock worth $380,000 after buying an additional 625 shares in the last quarter. Savant Capital LLC boosted its position in Host Hotels & Resorts by 2.7% during the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after acquiring an additional 634 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of Host Hotels & Resorts by 1.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock worth $1,297,000 after purchasing an additional 746 shares in the last quarter. Ieq Capital LLC raised its stake in shares of Host Hotels & Resorts by 7.3% during the fourth quarter. Ieq Capital LLC now owns 13,281 shares of the company's stock valued at $233,000 after purchasing an additional 899 shares in the last quarter. Finally, Meridian Financial Partners LLC raised its stake in shares of Host Hotels & Resorts by 1.3% during the fourth quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company's stock valued at $1,364,000 after purchasing an additional 977 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on HST shares. Truist Financial lowered their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Raymond James dropped their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Citigroup cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Compass Point cut Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.54.

Host Hotels & Resorts Stock Down 0.4 %

HST stock traded down $0.06 during midday trading on Monday, reaching $14.21. The company had a trading volume of 9,220,913 shares, compared to its average volume of 7,437,262. The company has a 50 day moving average of $16.01 and a two-hundred day moving average of $17.21. 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 1 year low of $13.83 and a 1 year high of $20.85. The company has a market capitalization of $9.93 billion, a P/E ratio of 14.35 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.63%. Host Hotels & Resorts's payout ratio is 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.