Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 715,939 shares of the company's stock after selling 75,124 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of Host Hotels & Resorts worth $12,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HST. SG Americas Securities LLC lifted its holdings in shares of Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company's stock valued at $45,934,000 after purchasing an additional 2,165,260 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Host Hotels & Resorts by 103.2% in the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company's stock valued at $76,002,000 after buying an additional 1,866,661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Host Hotels & Resorts by 20.2% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company's stock worth $143,169,000 after acquiring an additional 1,339,458 shares in the last quarter. LSV Asset Management grew its stake in shares of Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company's stock worth $165,218,000 after acquiring an additional 965,100 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company's stock valued at $33,963,000 after acquiring an additional 866,530 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

HST stock traded up $0.09 during midday trading on Friday, hitting $17.33. 4,661,998 shares of the stock traded hands, compared to its average volume of 5,301,457. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. The stock's fifty day simple moving average is $17.62 and its 200-day simple moving average is $17.78. The firm has a market cap of $12.17 billion, a P/E ratio of 16.20, a PEG ratio of 1.54 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts's dividend payout ratio is presently 74.77%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HST. Oppenheimer cut their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Truist Financial cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Evercore ISI decreased their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an "outperform" rating for the company in a report on Tuesday, August 13th. Finally, Compass Point upgraded Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their target price for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.29.

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.