New York State Teachers Retirement System Trims Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

New York State Teachers Retirement System reduced its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 791,063 shares of the company’s stock after selling 27,218 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of Host Hotels & Resorts worth $14,223,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $615,558,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Host Hotels & Resorts by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock worth $190,807,000 after buying an additional 164,334 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Host Hotels & Resorts by 2.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock valued at $167,983,000 after buying an additional 190,606 shares during the period. LSV Asset Management lifted its holdings in Host Hotels & Resorts by 10.2% in the first quarter. LSV Asset Management now owns 8,223,900 shares of the company’s stock valued at $170,070,000 after acquiring an additional 764,500 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Host Hotels & Resorts by 0.3% in the first quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock worth $158,849,000 after acquiring an additional 25,953 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 1.9 %

NASDAQ:HST opened at $17.41 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The firm has a market cap of $12.27 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The company has a current ratio of 4.55, a quick ratio of 6.66 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $17.40 and a 200 day moving average price of $18.75.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s payout ratio is presently 78.43%.

Analysts Set New Price Targets

HST has been the topic of a number of research analyst reports. Oppenheimer reduced their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Robert W. Baird decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Compass Point cut shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $25.00 to $18.00 in a research report on Thursday, August 1st. Finally, Barclays reduced their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.12.

Host Hotels & Resorts Company Profile

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.