Sumitomo Mitsui Trust Group Inc. Has $63.36 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,616,494 shares of the company’s stock after selling 151,535 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.52% of Host Hotels & Resorts worth $63,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HST. MassMutual Private Wealth & Trust FSB boosted its holdings in Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the last quarter. Eastern Bank acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $45,000. Farther Finance Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 44.5% in 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 in the last quarter. Signaturefd LLC increased its position in shares of Host Hotels & Resorts by 50.5% in the third quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock valued at $63,000 after acquiring an additional 1,198 shares during the last quarter. Finally, CENTRAL TRUST Co raised its holdings in Host Hotels & Resorts by 126,025.0% during the fourth quarter. CENTRAL TRUST Co now owns 5,045 shares of the company’s stock worth $88,000 after acquiring an additional 5,041 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.76 on Monday. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 16.27 and a beta of 1.30. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The stock’s 50 day moving average is $17.61 and its 200-day moving average is $17.51.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HST. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. 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. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.96.

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.