Oregon Public Employees Retirement Fund grew its position in shares of Host Hotels and Resorts Inc (NYSE:HST) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,059,898 shares of the real estate investment trust’s stock after buying an additional 12,785 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.14% of Host Hotels and Resorts worth $22,364,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. NuWave Investment Management LLC bought a new position in Host Hotels and Resorts during the 2nd quarter worth $169,000. Newman Dignan & Sheerar Inc. bought a new position in Host Hotels and Resorts during the 2nd quarter worth $202,000. Park Avenue Securities LLC bought a new position in Host Hotels and Resorts during the 2nd quarter worth $214,000. Hexavest Inc. increased its position in Host Hotels and Resorts by 26.6% during the 3rd quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 2,677 shares during the period. Finally, Lourd Capital LLC bought a new position in Host Hotels and Resorts during the 2nd quarter worth $274,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.
Shares of NYSE HST opened at $18.97 on Wednesday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.59. Host Hotels and Resorts Inc has a 52 week low of $17.93 and a 52 week high of $22.47. The firm has a market capitalization of $13.67 billion, a P/E ratio of 11.22, a P/E/G ratio of 2.14 and a beta of 1.23.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Thursday, September 27th. Host Hotels and Resorts’s payout ratio is currently 47.34%.
Several research analysts have weighed in on HST shares. Zacks Investment Research cut Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Robert W. Baird increased their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.87.
About Host Hotels and Resorts
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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.
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