Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 203,266 shares of the company’s stock after buying an additional 6,839 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Host Hotels & Resorts were worth $3,577,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Czech National Bank raised its position in Host Hotels & Resorts by 0.5% during the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after acquiring an additional 569 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after buying an additional 579 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after buying an additional 584 shares during the last quarter. Covestor Ltd increased its stake in Host Hotels & Resorts by 16.1% during the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after buying an additional 618 shares in the last quarter. Finally, Gulf International Bank UK Ltd raised its holdings in shares of Host Hotels & Resorts by 16.3% during the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock valued at $92,000 after acquiring an additional 627 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HST. Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Wells Fargo & Company dropped their target price 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. Truist Financial decreased their price target on shares of 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. Compass Point raised 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 note on Thursday. Finally, Oppenheimer cut their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.77 on Monday. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The stock’s fifty day moving average is $17.43 and its two-hundred day moving average is $17.95. The company has a market capitalization of $12.53 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.50%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Host Hotels & Resorts Company 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.