Sumitomo Mitsui Trust Group Inc. Has $66.32 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,768,029 shares of the company's stock after buying an additional 73,198 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.54% of Host Hotels & Resorts worth $66,317,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Versor Investments LP grew its stake in shares of Host Hotels & Resorts by 94.9% in the third quarter. Versor Investments LP now owns 63,522 shares of the company's stock worth $1,118,000 after purchasing an additional 30,922 shares in the last quarter. Catalytic Wealth RIA LLC acquired a new stake in shares of Host Hotels & Resorts during the 3rd quarter valued at $205,000. Wolverine Asset Management LLC increased its stake in Host Hotels & Resorts by 19.3% in the 3rd quarter. Wolverine Asset Management LLC now owns 79,014 shares of the company's stock worth $1,391,000 after purchasing an additional 12,793 shares in the last quarter. Assetmark Inc. increased its position in shares of Host Hotels & Resorts by 0.7% in the third quarter. Assetmark Inc. now owns 188,948 shares of the company's stock worth $3,325,000 after acquiring an additional 1,348 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company's stock worth $296,000 after purchasing an additional 784 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.20 during trading on Friday, reaching $17.26. The company's stock had a trading volume of 12,826,428 shares, compared to its average volume of 6,835,031. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $12.07 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The stock has a 50-day moving average price of $17.71 and a two-hundred day moving average price of $17.72.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.96 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio is 77.67%.

Analyst Ratings Changes

HST has been the topic of several research analyst reports. UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a "neutral" rating on the stock in a research note on Friday. Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Oppenheimer lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.21.

About Host Hotels & Resorts

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.