New York State Common Retirement Fund Has $6.52 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

New York State Common Retirement Fund increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 459,132 shares of the company's stock after acquiring an additional 38,331 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Host Hotels & Resorts worth $6,524,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in Host Hotels & Resorts in the 4th quarter valued at about $807,878,000. Deutsche Bank AG grew its position in Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after acquiring an additional 6,326,709 shares in the last quarter. Rush Island Management LP acquired a new position in Host Hotels & Resorts in the 4th quarter valued at about $99,402,000. Invesco Ltd. grew its position in 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 acquiring an additional 4,460,468 shares in the last quarter. Finally, Northern Trust Corp grew its position in Host Hotels & Resorts by 43.3% in the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after acquiring an additional 4,158,219 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HST has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their target price for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Evercore ISI restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $17.96.

Host Hotels & Resorts Stock Up 2.4%

Shares of NASDAQ:HST traded up $0.39 on Tuesday, reaching $16.47. The company had a trading volume of 6,663,670 shares, compared to its average volume of 8,800,528. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.37. The stock has a 50-day moving average price of $15.70 and a 200 day moving average price of $15.55. The stock has a market capitalization of $11.43 billion, a P/E ratio of 17.16 and a beta of 1.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's quarterly revenue 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 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.86%. Host Hotels & Resorts's dividend payout ratio (DPR) is 83.33%.

Host Hotels & Resorts 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.