Ontario Teachers Pension Plan Board Sells 51,519 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ontario Teachers Pension Plan Board cut its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 60.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,357 shares of the company’s stock after selling 51,519 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Host Hotels & Resorts were worth $605,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BROOKFIELD Corp ON acquired a new position in Host Hotels & Resorts in the first quarter valued at $25,000. Blue Trust Inc. increased its holdings in Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts in the second quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its stake in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $51,000. 98.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on HST shares. Oppenheimer decreased their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Truist Financial decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.91 on Friday. The business’s 50 day simple moving average is $17.77 and its 200 day simple moving average is $17.68. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 1.57 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.41 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.47%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.