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

Maryland State Retirement & Pension System lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of HST. State Street Corp increased its stake in Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after buying an additional 950,431 shares during the period. Geode Capital Management LLC grew its stake in shares of Host Hotels & Resorts by 1.0% during the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after acquiring an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Host Hotels & Resorts by 16.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 15,899,205 shares of the company’s stock worth $278,554,000 after acquiring an additional 2,261,877 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Host Hotels & Resorts by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,370,135 shares of the company’s stock worth $181,685,000 after acquiring an additional 69,198 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Host Hotels & Resorts by 537.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST stock opened at $15.02 on Tuesday. Host Hotels & Resorts, Inc. has a 1 year low of $14.25 and a 1 year high of $20.98. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 15.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The stock’s fifty day moving average is $16.28 and its two-hundred day moving average is $17.29.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

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 given a $0.20 dividend. This represents a $0.80 annualized dividend 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 currently 80.81%.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent analyst reports. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $16.00 to $15.00 in a research report on Friday. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Truist Financial dropped 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 report on Friday. Citigroup reduced 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 research report on Monday, March 17th. Finally, Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $18.00 in a report on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $19.54.

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.