Public Employees Retirement System of Ohio Cuts Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Public Employees Retirement System of Ohio trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,263,290 shares of the company's stock after selling 27,230 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Host Hotels & Resorts worth $22,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. National Pension Service acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, IFP Advisors Inc boosted its stake in Host Hotels & Resorts by 716.4% in the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after buying an additional 2,493 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Morgan Stanley cut their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.90.

Host Hotels & Resorts Trading Up 0.4%

HST stock traded up $0.06 during mid-day trading on Thursday, reaching $15.48. The company's stock had a trading volume of 12,215,293 shares, compared to its average volume of 8,242,833. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 15.64 and a beta of 1.29. The business's 50 day moving average price is $14.35 and its 200 day moving average price is $16.17. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 earnings per share. On average, equities research 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.17%. Host Hotels & Resorts's dividend payout ratio (DPR) 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.