State of New Jersey Common Pension Fund D Grows Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of New Jersey Common Pension Fund D grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,272 shares of the company's stock after acquiring an additional 16,441 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.06% of Host Hotels & Resorts worth $6,855,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HST. Van ECK Associates Corp increased its holdings in shares of Host Hotels & Resorts by 12.0% in the fourth quarter. Van ECK Associates Corp now owns 151,692 shares of the company's stock worth $2,658,000 after buying an additional 16,235 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in shares of Host Hotels & Resorts by 1.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company's stock valued at $1,297,000 after acquiring an additional 746 shares during the period. Savant Capital LLC boosted its holdings in shares of Host Hotels & Resorts by 2.7% during the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company's stock worth $428,000 after purchasing an additional 634 shares during the period. Entropy Technologies LP purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter worth about $1,442,000. Finally, Empowered Funds LLC bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $312,000. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.42 on Friday, reaching $16.34. 17,225,811 shares of the company's stock traded hands, compared to its average volume of 8,056,027. The stock has a 50-day simple moving average of $17.22 and a 200-day simple moving average of $17.47. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The firm has a market cap of $11.42 billion, a PE ratio of 16.51 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.31% and a net margin of 12.26%. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.91 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analyst Weigh In

HST has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. StockNews.com cut shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Thursday, November 14th. Stifel Nicolaus reduced their price target on shares of 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. Raymond James lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Wells Fargo & Company cut 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $20.54.

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.