Nomura Asset Management Co. Ltd. Acquires 40,941 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nomura Asset Management Co. Ltd. raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,138,443 shares of the company's stock after purchasing an additional 40,941 shares during the period. Nomura Asset Management Co. Ltd. owned 0.16% of Host Hotels & Resorts worth $19,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HST. Norges Bank bought a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $807,878,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company's stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the period. KBC Group NV raised its position in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company's stock worth $98,305,000 after buying an additional 3,412,589 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Host Hotels & Resorts by 16.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company's stock valued at $278,554,000 after buying an additional 2,261,877 shares during the period. Finally, Prudential Financial Inc. grew its position in Host Hotels & Resorts by 75.0% during the fourth quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company's stock worth $58,590,000 after buying an additional 1,432,772 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

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Host Hotels & Resorts Trading Down 8.5 %

Host Hotels & Resorts stock traded down $1.25 during trading hours on Thursday, reaching $13.40. The company had a trading volume of 3,835,416 shares, compared to its average volume of 7,470,881. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 12-month low of $13.39 and a 12-month high of $20.73. The company has a 50-day moving average price of $15.91 and a 200 day moving average price of $17.17. The firm has a market cap of $9.37 billion, a price-to-earnings ratio of 13.54 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is 80.81%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their price target for the company from $16.00 to $15.00 in a report on Friday, March 21st. UBS Group cut their price target on shares of 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. Truist Financial decreased their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Citigroup dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $19.54.

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.