Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 36.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,354 shares of the company’s stock after buying an additional 100,523 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.05% of Host Hotels & Resorts worth $6,576,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Host Hotels & Resorts during the 3rd quarter valued at about $336,000. Advisors Asset Management Inc. increased its position in Host Hotels & Resorts by 11.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock valued at $326,000 after purchasing an additional 1,929 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Host Hotels & Resorts during the 3rd quarter valued at about $482,000. Charles Schwab Investment Management Inc. increased its position in Host Hotels & Resorts by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after purchasing an additional 181,103 shares during the period. Finally, Cerity Partners LLC increased its position in 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 during the period. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 1.8 %

HST stock opened at $14.69 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $14.25 and a 52 week high of $20.98. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $10.27 billion, a PE ratio of 14.84 and a beta of 1.30. The firm has a 50 day moving average of $16.32 and a 200 day moving average of $17.30.

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

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HST. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Citigroup lowered their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company lowered their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday. Finally, Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Friday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently 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.