Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,253,960 shares of the company's stock after selling 90,152 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Host Hotels & Resorts worth $21,969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. National Pension Service purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after buying an additional 991 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Eastern Bank purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth about $45,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Up 1.5 %

Shares of NASDAQ:HST traded up $0.20 during mid-day trading on Tuesday, reaching $13.12. 2,300,406 shares of the company were exchanged, compared to its average volume of 7,697,902. 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 firm has a market cap of $9.17 billion, a price-to-earnings ratio of 13.25 and a beta of 1.26. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $20.73. The firm's 50-day simple moving average is $15.66 and its 200 day simple moving average is $17.07.

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data 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. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.10%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley raised shares of Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Truist Financial dropped their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Citigroup reduced their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts currently 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.