Asset Management One Co. Ltd. Has $25.82 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Asset Management One Co. Ltd. trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,467,070 shares of the company's stock after selling 47,201 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of Host Hotels & Resorts worth $25,820,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. BROOKFIELD Corp ON bought a new position in shares of Host Hotels & Resorts in the 1st quarter valued at about $25,000. Blue Trust Inc. grew its holdings in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company's stock worth $26,000 after acquiring an additional 1,002 shares during the period. Global X Japan Co. Ltd. acquired a new stake in Host Hotels & Resorts during the 2nd quarter worth $30,000. Farther Finance Advisors LLC raised its position in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock valued at $50,000 after acquiring an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Analysts Set New Price Targets

HST has been the topic of several analyst reports. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Friday, September 13th. Evercore ISI cut their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, August 13th. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of "Moderate Buy" and an average target price of $21.29.

Host Hotels & Resorts Stock Performance

HST traded up $0.26 during trading hours on Tuesday, reaching $17.65. The company's stock had a trading volume of 5,501,463 shares, compared to its average volume of 6,658,206. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The company's 50-day moving average is $17.62 and its 200-day moving average is $17.77. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The firm has a market cap of $12.40 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts's payout ratio is 74.77%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.