Asset Management One Co. Ltd. Lowers Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Asset Management One Co. Ltd. cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,432,463 shares of the company’s stock after selling 34,607 shares during the quarter. Asset Management One Co. Ltd. owned 0.20% of Host Hotels & Resorts worth $25,749,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in shares of Host Hotels & Resorts by 94.9% in 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 purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $45,000. Farther Finance Advisors LLC increased its position in shares of Host Hotels & Resorts by 44.5% during the third 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 during the last quarter. Signaturefd LLC increased its position in shares of Host Hotels & Resorts by 50.5% during 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 increased its position in shares of Host Hotels & Resorts by 126,025.0% during the fourth quarter. CENTRAL TRUST Co now owns 5,045 shares of the company’s stock valued at $88,000 after acquiring an additional 5,041 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.39 on Friday. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The business has a fifty day moving average price of $17.39 and a 200-day moving average price of $17.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market capitalization of $11.46 billion, a P/E ratio of 15.91 and a beta of 1.30.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date of this dividend was Tuesday, December 31st. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. UBS Group decreased their price target on 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. Finally, Stifel Nicolaus decreased their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.96.

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.