Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 66.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,637,328 shares of the company’s stock after purchasing an additional 5,466,629 shares during the quarter. Host Hotels & Resorts makes up approximately 1.1% of Daiwa Securities Group Inc.’s holdings, making the stock its 25th largest position. Daiwa Securities Group Inc.’s holdings in Host Hotels & Resorts were worth $240,017,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Host Hotels & Resorts by 854.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after buying an additional 286,281 shares during the last quarter. Swedbank AB acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter worth about $15,509,000. PGGM Investments lifted its position in Host Hotels & Resorts by 2.0% in the 2nd quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock valued at $55,981,000 after purchasing an additional 59,772 shares during the last quarter. Shell Asset Management Co. acquired a new position in Host Hotels & Resorts during the 1st quarter valued at about $371,000. Finally, DekaBank Deutsche Girozentrale grew its position in Host Hotels & Resorts by 5.4% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock worth $11,351,000 after purchasing an additional 32,586 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Trading Up 2.0 %

Host Hotels & Resorts stock opened at $18.25 on Friday. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The firm’s 50 day moving average price is $17.79 and its two-hundred day moving average price is $17.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 77.67%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HST. Evercore ISI cut their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Robert W. Baird cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Oppenheimer lowered their target price 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.18.

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.