Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,209 shares of the company’s stock after selling 2,592 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Host Hotels & Resorts were worth $652,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at $336,000. Advisors Asset Management Inc. raised its position in Host Hotels & Resorts by 11.6% in the third quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock worth $326,000 after acquiring an additional 1,929 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Host Hotels & Resorts by 23.0% during the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock valued at $545,000 after purchasing an additional 5,778 shares in the last quarter. Swedbank AB boosted its position in shares of Host Hotels & Resorts by 1.1% during the 3rd quarter. Swedbank AB now owns 763,921 shares of the company’s stock valued at $13,445,000 after purchasing an additional 8,341 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after purchasing an additional 113,761 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 2.2 %

Host Hotels & Resorts stock opened at $15.02 on Tuesday. The firm’s 50 day moving average price is $16.28 and its two-hundred day moving average price is $17.29. The firm has a market cap of $10.50 billion, a PE ratio of 15.17 and a beta of 1.30. Host Hotels & Resorts, Inc. has a twelve month low of $14.25 and a twelve month high of $20.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed 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 yield of 5.33%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

Analyst Ratings Changes

HST has been the subject of several recent research reports. Truist Financial cut their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company decreased their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Citigroup cut their price objective 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 investment 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 MarketBeat.com, Host Hotels & Resorts has an average rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts 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.