Mirae Asset Global Investments Co. Ltd. Has $1.92 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 24.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,104 shares of the company's stock after buying an additional 20,886 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Host Hotels & Resorts were worth $1,921,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Freedom Investment Management Inc. grew its holdings in shares of Host Hotels & Resorts by 3.0% during the third quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company's stock worth $380,000 after purchasing an additional 625 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock worth $296,000 after purchasing an additional 784 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Host Hotels & Resorts by 1.0% during the third quarter. Inspire Investing LLC now owns 81,860 shares of the company's stock worth $1,441,000 after purchasing an additional 812 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock worth $50,000 after purchasing an additional 867 shares during the last quarter. Finally, Meridian Financial Partners LLC grew its holdings 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 worth $1,364,000 after purchasing an additional 977 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on HST shares. Stifel Nicolaus decreased their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a report on Friday, November 22nd. UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Compass Point upgraded Host Hotels & Resorts from a "neutral" rating to a "buy" rating and raised their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Finally, StockNews.com lowered Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $20.96.

Host Hotels & Resorts Stock Down 0.2 %

Shares of NASDAQ HST traded down $0.03 during mid-day trading on Friday, reaching $16.39. 4,884,956 shares of the company's stock were exchanged, compared to its average volume of 7,316,475. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 15.91 and a beta of 1.30. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $17.39 and a 200 day simple moving average of $17.48. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts's dividend payout ratio is currently 77.67%.

Host Hotels & Resorts 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.