Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 375,354 shares of the company’s stock after purchasing an additional 100,523 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Host Hotels & Resorts were worth $6,576,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HST. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after acquiring an additional 5,811,722 shares in the last quarter. Daiwa Securities Group Inc. increased 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 acquiring an additional 5,466,629 shares in the last quarter. KBC Group NV increased its holdings in Host Hotels & Resorts by 155.2% in the 4th quarter. KBC Group NV now owns 5,610,981 shares of the company’s stock worth $98,305,000 after acquiring an additional 3,412,589 shares in the last quarter. Duff & Phelps Investment Management Co. increased its holdings in Host Hotels & Resorts by 92.9% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after acquiring an additional 1,331,407 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Host Hotels & Resorts in the 4th quarter worth $17,586,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Down 1.8 %

Shares of HST stock opened at $14.69 on Friday. The company’s 50-day moving average price is $16.32 and its 200-day moving average price is $17.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The stock has a market cap of $10.27 billion, a price-to-earnings ratio of 14.84 and a beta of 1.30. Host Hotels & Resorts, Inc. has a twelve month low of $14.25 and a twelve month high of $20.98.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. Host Hotels & Resorts’s payout ratio is currently 80.81%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HST. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Morgan Stanley raised shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $15.00 in a report on Friday. Truist Financial lowered their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday. UBS Group lowered their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James lowered their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $19.54.

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.