California State Teachers Retirement System Has $26.21 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

California State Teachers Retirement System lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,496,145 shares of the company's stock after purchasing an additional 89,535 shares during the period. California State Teachers Retirement System owned about 0.21% of Host Hotels & Resorts worth $26,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in Host Hotels & Resorts during the fourth quarter valued at $807,878,000. Deutsche Bank AG lifted its position in Host Hotels & Resorts by 184.7% during the fourth quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares during the last quarter. Rush Island Management LP bought a new position in Host Hotels & Resorts during the fourth quarter valued at $99,402,000. Invesco Ltd. lifted its position in Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Host Hotels & Resorts by 43.3% in the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.21 during mid-day trading on Tuesday, hitting $15.65. The stock had a trading volume of 3,327,319 shares, compared to its average volume of 8,436,782. The company has a market cap of $10.86 billion, a PE ratio of 15.81 and a beta of 1.29. The company's fifty day simple moving average is $14.38 and its two-hundred day simple moving average is $16.10. 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 fifty-two week low of $12.22 and a fifty-two week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.11%. Host Hotels & Resorts's dividend payout ratio is presently 83.33%.

Analyst Upgrades and Downgrades

Several research firms have commented on HST. Truist Financial reduced their price objective 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. Morgan Stanley decreased their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group cut shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Finally, Citigroup reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.27.

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.