Host Hotels and Resorts Inc (NYSE:HST) Stake Lifted by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 11.0% during the first quarter, HoldingsChannel.com reports. The firm owned 52,644 shares of the real estate investment trust’s stock after acquiring an additional 5,230 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Host Hotels and Resorts were worth $995,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Banco Santander S.A. raised its stake in Host Hotels and Resorts by 1.6% during the 1st quarter. Banco Santander S.A. now owns 40,489 shares of the real estate investment trust’s stock worth $765,000 after buying an additional 655 shares during the period. O Shares Investment Advisers LLC raised its stake in Host Hotels and Resorts by 1.3% during the 1st quarter. O Shares Investment Advisers LLC now owns 52,559 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 689 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Host Hotels and Resorts by 0.6% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 112,519 shares of the real estate investment trust’s stock worth $2,127,000 after buying an additional 701 shares during the period. Advisor Group Inc. raised its stake in Host Hotels and Resorts by 2.1% during the 4th quarter. Advisor Group Inc. now owns 37,449 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 767 shares during the period. Finally, Sumitomo Mitsui Asset Management Company LTD raised its stake in Host Hotels and Resorts by 1.1% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 81,216 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 887 shares during the period. 97.21% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on HST shares. Zacks Investment Research raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Morgan Stanley set a $18.00 price target on Host Hotels and Resorts and gave the stock a “sell” rating in a research note on Friday, May 3rd. Barclays reaffirmed a “buy” rating on shares of Host Hotels and Resorts in a research note on Sunday, May 5th. Deutsche Bank reissued a “buy” rating and set a $22.00 price objective on shares of Host Hotels and Resorts in a report on Sunday, February 24th. Finally, Wolfe Research lowered Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price objective for the company. in a report on Tuesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $20.71.

HST traded down $0.02 during midday trading on Thursday, reaching $18.41. 66,092 shares of the company were exchanged, compared to its average volume of 5,707,674. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. The firm has a market capitalization of $13.77 billion, a P/E ratio of 10.40, a P/E/G ratio of 2.05 and a beta of 1.17. Host Hotels and Resorts Inc has a one year low of $15.94 and a one year high of $22.06.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.40 billion. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. On average, equities analysts forecast that Host Hotels and Resorts Inc will post 1.81 earnings per share for the current year.

In other news, VP Nathan S. Tyrrell sold 1,685 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $19.73, for a total value of $33,245.05. Following the completion of the transaction, the vice president now directly owns 162,713 shares of the company’s stock, valued at $3,210,327.49. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 2,895 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the completion of the transaction, the director now directly owns 44,982 shares of the company’s stock, valued at $862,304.94. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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