Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its position in Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after acquiring an additional 113,761 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock worth $1,156,000 after purchasing an additional 36,278 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Host Hotels & Resorts in the third quarter valued at $540,000. LMR Partners LLP acquired a new stake in Host Hotels & Resorts during the 3rd quarter valued at $4,775,000. Finally, Aigen Investment Management LP purchased a new stake in Host Hotels & Resorts during the 3rd quarter worth $639,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of a number of analyst reports. UBS Group decreased their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.96.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $16.55 on Tuesday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $17.57 and a 200 day simple moving average of $17.51. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a market cap of $11.57 billion, a PE ratio of 16.07 and a beta of 1.30.

Host Hotels & Resorts Dividend Announcement

The business 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 4.83%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is 77.67%.

About Host Hotels & Resorts

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.