Sumitomo Mitsui Trust Group Inc. Sells 151,535 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Sumitomo Mitsui Trust Group Inc. lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,616,494 shares of the company’s stock after selling 151,535 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Host Hotels & Resorts were worth $63,361,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in Host Hotels & Resorts in the 2nd quarter valued at about $391,000. Czech National Bank raised its position in Host Hotels & Resorts by 6.5% during the third quarter. Czech National Bank now owns 143,094 shares of the company’s stock valued at $2,518,000 after purchasing an additional 8,742 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Host Hotels & Resorts by 468.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,039 shares of the company’s stock worth $125,000 after purchasing an additional 5,800 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Host Hotels & Resorts by 3.4% during the third quarter. Ritholtz Wealth Management now owns 95,610 shares of the company’s stock worth $1,683,000 after purchasing an additional 3,151 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock valued at $1,441,000 after purchasing an additional 812 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $16.76 on Monday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 16.27 and a beta of 1.30. The firm has a 50 day moving average of $17.61 and a 200-day moving average of $17.51. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. UBS Group cut 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, Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $20.96.

Host Hotels & Resorts Company Profile

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.