Nomura Asset Management Co. Ltd. Has $19.95 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Nomura Asset Management Co. Ltd. lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,138,443 shares of the company’s stock after acquiring an additional 40,941 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.16% of Host Hotels & Resorts worth $19,946,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC bought a new stake in Host Hotels & Resorts in the 4th quarter valued at $1,800,000. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $807,878,000. Caisse Des Depots ET Consignations acquired a new stake in Host Hotels & Resorts during the fourth quarter worth about $2,957,000. NEOS Investment Management LLC increased its stake in Host Hotels & Resorts by 31.3% during the fourth quarter. NEOS Investment Management LLC now owns 41,724 shares of the company’s stock valued at $731,000 after acquiring an additional 9,954 shares during the period. Finally, UniSuper Management Pty Ltd raised its holdings in Host Hotels & Resorts by 5.3% in the 4th quarter. UniSuper Management Pty Ltd now owns 308,982 shares of the company’s stock valued at $5,413,000 after acquiring an additional 15,600 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $14.27 on Friday. The business’s fifty day moving average is $16.07 and its two-hundred day moving average is $17.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The firm has a market cap of $9.98 billion, a P/E ratio of 14.41 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 52 week low of $14.15 and a 52 week high of $20.85.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HST. Citigroup decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. UBS Group decreased their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $19.54.

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.