Employees Retirement System of Texas Grows Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Employees Retirement System of Texas increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 29.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 618,000 shares of the company's stock after purchasing an additional 140,000 shares during the quarter. Employees Retirement System of Texas owned 0.09% of Host Hotels & Resorts worth $10,827,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in shares of Host Hotels & Resorts by 23.0% in the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company's stock valued at $545,000 after acquiring an additional 5,778 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in Host Hotels & Resorts by 4.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 27,882 shares of the company's stock worth $492,000 after purchasing an additional 1,292 shares during the period. Verition Fund Management LLC lifted its position in Host Hotels & Resorts by 123.4% in the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock valued at $1,156,000 after purchasing an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Host Hotels & Resorts during the third quarter valued at approximately $540,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Host Hotels & Resorts by 2.0% in the third quarter. Quantinno Capital Management LP now owns 55,818 shares of the company's stock worth $982,000 after purchasing an additional 1,121 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Remove Ads

Host Hotels & Resorts Stock Up 1.9 %

Shares of HST stock traded up $0.26 during mid-day trading on Friday, hitting $13.71. The company's stock had a trading volume of 12,300,960 shares, compared to its average volume of 7,897,923. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 13.85 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $20.33. The business has a 50-day moving average price of $15.28 and a 200 day moving average price of $16.88.

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

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.84%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio is currently 80.81%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Morgan Stanley upgraded shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and decreased their price target for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. UBS Group dropped their price objective 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, Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $19.17.

About Host Hotels & Resorts

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.