Elo Mutual Pension Insurance Co Trims Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Elo Mutual Pension Insurance Co lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,223 shares of the company’s stock after selling 5,403 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Host Hotels & Resorts were worth $1,003,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. KBC Group NV grew its stake in shares of Host Hotels & Resorts by 155.2% in the fourth quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock valued at $98,305,000 after buying an additional 3,412,589 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Host Hotels & Resorts by 16.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock valued at $278,554,000 after buying an additional 2,261,877 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Host Hotels & Resorts by 75.0% in the 4th quarter. Prudential Financial Inc. now owns 3,344,171 shares of the company’s stock valued at $58,590,000 after buying an additional 1,432,772 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its holdings in Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after acquiring an additional 1,331,407 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 1.8 %

HST opened at $14.27 on Monday. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 52 week low of $14.15 and a 52 week high of $20.85. The business’s 50 day moving average is $16.07 and its two-hundred day moving average is $17.23. The firm has a market cap of $9.98 billion, a price-to-earnings ratio of 14.41 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion during 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%. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current 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 dividend of $0.20 per share. 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%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. 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 report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, UBS Group decreased their price objective on 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.