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% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HST. CVA Family Office LLC bought a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $26,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Host Hotels & Resorts by 1,921.5% during the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after purchasing an additional 1,249 shares during the period. Parkside Financial Bank & Trust lifted its holdings in shares of Host Hotels & Resorts by 57.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Host Hotels & Resorts by 66.2% during the first quarter. Belpointe Asset Management LLC now owns 1,871 shares of the company’s stock worth $31,000 after purchasing an additional 745 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Host Hotels & Resorts during the third quarter worth $35,000. Institutional investors own 98.52% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.30% of the stock is currently owned by insiders.

Host Hotels & Resorts Trading Down 0.8 %

NASDAQ:HST opened at $18.59 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. The firm has a 50-day moving average of $20.31 and a 200-day moving average of $18.77. The company has a market cap of $13.08 billion, a PE ratio of 17.88, a PEG ratio of 1.70 and a beta of 1.31. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. As a group, equities research 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 announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 4.30%. Host Hotels & Resorts’s payout ratio is presently 76.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HST shares. Raymond James lifted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Jefferies Financial Group boosted their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and boosted their target price for the company from $18.00 to $23.00 in a report on Monday, January 8th. Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Stifel Nicolaus boosted their target price on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.20.

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.