New York State Teachers Retirement System cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 772,318 shares of the company's stock after selling 61,327 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Host Hotels & Resorts worth $15,037,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Host Hotels & Resorts by 18.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 20,172 shares of the company's stock worth $324,000 after acquiring an additional 3,182 shares during the last quarter. M&T Bank Corp raised its stake in shares of Host Hotels & Resorts by 3.8% in the third quarter. M&T Bank Corp now owns 97,148 shares of the company's stock valued at $1,561,000 after buying an additional 3,601 shares during the period. California Public Employees Retirement System raised its stake in shares of Host Hotels & Resorts by 3.0% in the third quarter. California Public Employees Retirement System now owns 1,460,992 shares of the company's stock valued at $23,478,000 after buying an additional 42,446 shares during the period. Wealthfront Advisers LLC grew its position in shares of Host Hotels & Resorts by 129.4% in the third quarter. Wealthfront Advisers LLC now owns 106,232 shares of the company's stock valued at $1,707,000 after purchasing an additional 59,919 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Host Hotels & Resorts by 70.4% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 371,528 shares of the company's stock valued at $5,970,000 after purchasing an additional 153,550 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.
Host Hotels & Resorts Stock Down 2.8 %
Shares of HST stock traded down $0.58 on Wednesday, reaching $20.14. 4,261,821 shares of the stock were exchanged, compared to its average volume of 6,080,582. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.83 and a beta of 1.31. The business's 50 day moving average price is $20.30 and its 200 day moving average price is $18.65.
Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. Host Hotels & Resorts's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 3.97%. Host Hotels & Resorts's dividend payout ratio (DPR) is 76.92%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on HST shares. JPMorgan Chase & Co. raised Host Hotels & Resorts from an "underweight" rating to a "neutral" rating and set a $15.00 price objective on the stock in a report on Thursday, December 14th. Oppenheimer boosted their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an "outperform" rating in a report on Friday, January 5th. Barclays upped their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, March 15th. Bank of America upgraded Host Hotels & Resorts from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $23.00 in a research report on Monday, January 8th. Finally, Raymond James upped their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.20.
Check Out Our Latest Report on HST
Insider Buying and Selling at Host Hotels & Resorts
In other news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $21.04, for a total value of $591,981.44. Following the sale, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.14% of the stock is currently owned by corporate insiders.
About Host Hotels & Resorts
(
Free Report)
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.
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