Public Employees Retirement System of Ohio Has $22.71 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Public Employees Retirement System of Ohio cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,290,520 shares of the company’s stock after selling 28,011 shares during the period. Public Employees Retirement System of Ohio’s holdings in Host Hotels & Resorts were worth $22,713,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its position 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 purchasing an additional 950,431 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after purchasing an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the period. LSV Asset Management raised its holdings in Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after purchasing an additional 965,100 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.7 %

Host Hotels & Resorts stock opened at $19.07 on Wednesday. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.51 and a beta of 1.32. The firm’s fifty day moving average price is $17.87 and its two-hundred day moving average price is $17.67. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. 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 announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. On average, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.20%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HST shares. Evercore ISI lowered their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday. Truist Financial dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. UBS Group decreased their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, Stifel Nicolaus dropped their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.39.

Host Hotels & Resorts 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.