Mirae Asset Global Investments Co. Ltd. Sells 594 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,043 shares of the company’s stock after selling 594 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Host Hotels & Resorts were worth $2,532,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Host Hotels & Resorts during the 4th quarter valued at approximately $410,211,000. Wellington Management Group LLP boosted its stake in Host Hotels & Resorts by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after purchasing an additional 6,719,578 shares during the period. State Street Corp boosted its stake in Host Hotels & Resorts by 7.1% during the 1st quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after purchasing an additional 3,240,590 shares during the period. Prudential Financial Inc. boosted its stake in Host Hotels & Resorts by 102.1% during the 1st quarter. Prudential Financial Inc. now owns 5,000,909 shares of the company’s stock valued at $97,168,000 after purchasing an additional 2,526,434 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Host Hotels & Resorts by 18.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,392,721 shares of the company’s stock valued at $242,230,000 after acquiring an additional 2,276,596 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Insider Activity at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays upped their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 15th. Jefferies Financial Group upped their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Oppenheimer upped their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and upped their price target for the company from $18.00 to $23.00 in a report on Monday, January 8th. Finally, Truist Financial upped their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.20.

Host Hotels & Resorts Trading Down 0.8 %

HST stock opened at $18.59 on Friday. The business has a fifty day moving average price of $20.31 and a 200 day moving average price of $18.77. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 1.70 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business earned $0.44 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.30%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Host Hotels & Resorts 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.