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

State of Alaska Department of Revenue cut its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 415,929 shares of the company's stock after selling 58,130 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Host Hotels & Resorts worth $7,286,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HST. Creative Planning raised its stake in Host Hotels & Resorts by 16.6% in the 2nd quarter. Creative Planning now owns 45,592 shares of the company's stock valued at $820,000 after purchasing an additional 6,505 shares during the last quarter. Truist Financial Corp grew its position in shares of Host Hotels & Resorts by 7.9% during the second quarter. Truist Financial Corp now owns 98,922 shares of the company's stock worth $1,779,000 after buying an additional 7,273 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Host Hotels & Resorts in the second quarter valued at approximately $391,000. Czech National Bank lifted its stake in Host Hotels & Resorts by 6.5% in the third quarter. Czech National Bank now owns 143,094 shares of the company's stock valued at $2,518,000 after buying an additional 8,742 shares during the last quarter. Finally, Patten Group Inc. lifted its stake in Host Hotels & Resorts by 17.3% in the third quarter. Patten Group Inc. now owns 17,124 shares of the company's stock valued at $301,000 after buying an additional 2,530 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.8 %

NASDAQ HST traded down $0.14 during mid-day trading on Monday, reaching $16.63. 9,835,888 shares of the company's stock traded hands, compared to its average volume of 7,641,876. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a fifty day simple moving average of $17.61 and a 200-day simple moving average of $17.51. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.62 billion, a price-to-earnings ratio of 16.12 and a beta of 1.30.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.81%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 77.67%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HST. Compass Point raised Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. UBS Group decreased their price objective on 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. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research report on Friday, November 22nd. Finally, StockNews.com downgraded Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts has a consensus rating of "Hold" and a consensus price target of $20.96.

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.