Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 12.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 474,059 shares of the company's stock after selling 67,119 shares during the quarter. State of Alaska Department of Revenue owned 0.07% of Host Hotels & Resorts worth $8,340,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Host Hotels & Resorts by 39.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 649,672 shares of the company's stock valued at $13,435,000 after buying an additional 184,369 shares during the period. Norden Group LLC purchased a new position in Host Hotels & Resorts during the first quarter worth about $616,000. Legacy Wealth Asset Management LLC boosted its stake in Host Hotels & Resorts by 3.8% in the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company's stock valued at $326,000 after acquiring an additional 579 shares during the last quarter. Leeward Investments LLC MA boosted its stake in Host Hotels & Resorts by 4.9% in the first quarter. Leeward Investments LLC MA now owns 330,403 shares of the company's stock valued at $6,833,000 after acquiring an additional 15,331 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC boosted its stake in Host Hotels & Resorts by 3.5% in the first quarter. FORVIS Wealth Advisors LLC now owns 166,417 shares of the company's stock valued at $3,442,000 after acquiring an additional 5,570 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Compass Point raised shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating on the stock in a report on Tuesday, August 13th. Wells Fargo & Company dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.29.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded up $0.13 during trading on Monday, reaching $17.71. The company had a trading volume of 3,761,420 shares, compared to its average volume of 6,707,437. Host Hotels & Resorts, Inc. has a 1-year low of $15.10 and a 1-year high of $21.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The firm's 50-day simple moving average is $17.58 and its 200 day simple moving average is $17.83. The firm has a market capitalization of $12.49 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.58 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.52%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 78.43%.

Host Hotels & Resorts Company 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.