Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Teachers Retirement System of The State of Kentucky reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,761 shares of the company’s stock after selling 3,481 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Host Hotels & Resorts were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HST. Blue Trust Inc. increased its position in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after acquiring an additional 1,002 shares during the period. Global X Japan Co. Ltd. purchased a new stake in Host Hotels & Resorts during the 2nd quarter worth about $30,000. Farther Finance Advisors LLC raised its position in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after purchasing an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $51,000. Finally, Family Firm Inc. acquired a new position in shares of Host Hotels & Resorts during the second quarter worth about $56,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group dropped their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Truist Financial reduced their price target 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. Finally, Stifel Nicolaus dropped their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report 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 given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.39.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.55 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The business has a 50 day simple moving average of $18.02 and a 200-day simple moving average of $17.70. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The stock has a market capitalization of $12.27 billion, a PE ratio of 17.04 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Tuesday, December 31st. 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.