Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 618,000 shares of the company's stock after buying an additional 140,000 shares during the quarter. Employees Retirement System of Texas owned about 0.09% of Host Hotels & Resorts worth $10,827,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HST. Cohen & Steers Inc. increased its stake in Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock worth $876,115,000 after buying an additional 3,932,928 shares during the period. Norges Bank acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at $807,878,000. JPMorgan Chase & Co. raised its position in Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company's stock valued at $649,076,000 after purchasing an additional 643,450 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Host Hotels & Resorts by 24.7% in the 4th quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock valued at $395,171,000 after buying an additional 4,460,468 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Host Hotels & Resorts by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after buying an additional 350,634 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

HST has been the subject of several analyst reports. Morgan Stanley lowered 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 report on Tuesday, April 22nd. Citigroup cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Truist Financial lowered their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Finally, Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $18.90.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded up $0.06 during mid-day trading on Thursday, reaching $15.48. The company had a trading volume of 12,215,295 shares, compared to its average volume of 8,247,948. The stock's 50-day simple moving average is $14.35 and its 200-day simple moving average is $16.17. The company has a market capitalization of $10.74 billion, a P/E ratio of 15.64 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.37.

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

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 83.33%.

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.