Teacher Retirement System of Texas Invests $1.45 Million in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Teacher Retirement System of Texas acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 102,227 shares of the company's stock, valued at approximately $1,453,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HST. Norges Bank acquired a new stake in Host Hotels & Resorts during the fourth quarter worth about $807,878,000. Deutsche Bank AG boosted its holdings in shares of Host Hotels & Resorts by 184.7% in the fourth 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 bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $99,402,000. Invesco Ltd. boosted its holdings in shares of Host Hotels & Resorts by 24.7% in the fourth 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 boosted its holdings in shares of Host Hotels & Resorts by 43.3% in the fourth 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.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST traded down $0.16 on Tuesday, hitting $16.34. 4,765,181 shares of the company were exchanged, compared to its average volume of 8,793,876. The company's 50 day moving average price is $15.58 and its two-hundred day moving average price is $15.58. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 17.02 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The firm's revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts's payout ratio is presently 83.33%.

Analyst Ratings Changes

A number of equities analysts recently commented on HST shares. Truist Financial decreased their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Evercore ISI reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Citigroup decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research note on Monday, March 17th. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $17.96.

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.