Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 100,523 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 36.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 375,354 shares of the company's stock after acquiring an additional 100,523 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Host Hotels & Resorts worth $6,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company boosted its stake in Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock worth $10,668,000 after acquiring an additional 113,761 shares in the last quarter. Verition Fund Management LLC boosted its position in shares of Host Hotels & Resorts by 123.4% in the 3rd quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after purchasing an additional 36,278 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $540,000. Private Advisor Group LLC bought a new position in Host Hotels & Resorts during the 4th quarter valued at approximately $375,000. Finally, Avanza Fonder AB bought a new position in Host Hotels & Resorts during the 4th quarter valued at approximately $1,457,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST traded up $0.01 on Wednesday, reaching $14.81. The company's stock had a trading volume of 8,612,506 shares, compared to its average volume of 7,108,111. The stock's 50 day simple moving average is $16.18 and its two-hundred day simple moving average is $17.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The stock has a market capitalization of $10.35 billion, a P/E ratio of 14.96 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $14.25 and a 12-month high of $20.85.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared 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. This represents a $0.80 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts's payout ratio is 80.81%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HST. Raymond James cut their target price on 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. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $16.00 to $15.00 in a research report on Friday, March 21st. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Citigroup reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $19.54.

Host Hotels & Resorts Company 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.