Teachers Retirement System of The State of Kentucky Cuts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Teachers Retirement System of The State of Kentucky reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,761 shares of the company’s stock after selling 3,481 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Host Hotels & Resorts were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after acquiring an additional 950,431 shares during the period. Geode Capital Management LLC increased its stake in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after purchasing an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after purchasing an additional 5,466,629 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Host Hotels & Resorts by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after purchasing an additional 181,103 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after purchasing an additional 965,100 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HST shares. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group decreased their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Stifel Nicolaus dropped their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Finally, Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $21.39.

Host Hotels & Resorts Trading Down 6.2 %

Shares of Host Hotels & Resorts stock opened at $17.55 on Thursday. The stock has a 50 day moving average of $18.02 and a 200 day moving average of $17.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $12.27 billion, a price-to-earnings ratio of 17.04 and a beta of 1.32. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.20 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.56%. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Host Hotels & Resorts Profile

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.