Meiji Yasuda Asset Management Co Ltd. Buys 7,655 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Meiji Yasuda Asset Management Co Ltd. grew its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 44.3% during the second quarter, Holdings Channel.com reports. The firm owned 24,949 shares of the company’s stock after acquiring an additional 7,655 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Host Hotels & Resorts were worth $449,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in Host Hotels & Resorts by 3,870.5% during the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock worth $45,934,000 after buying an additional 2,165,260 shares in the last quarter. Russell Investments Group Ltd. increased its position in Host Hotels & Resorts by 103.2% in the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after acquiring an additional 1,866,661 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its holdings in Host Hotels & Resorts by 106.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock worth $66,590,000 after buying an additional 1,764,294 shares during the period. KBC Group NV lifted its stake in shares of Host Hotels & Resorts by 782.1% in the fourth quarter. KBC Group NV now owns 1,621,288 shares of the company’s stock worth $31,567,000 after acquiring an additional 1,437,499 shares during the period. Finally, Vision Capital Corp bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $21,826,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HST has been the subject of a number of research reports. Robert W. Baird reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $25.00 to $18.00 in a research report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Finally, Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.06.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $18.73 on Friday. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.51 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The stock’s 50-day simple moving average is $17.20 and its 200-day simple moving average is $18.38.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s payout ratio is 78.43%.

Host Hotels & Resorts Company 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.