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

Teachers Retirement System of The State of Kentucky lessened its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,218 shares of the company’s stock after selling 3,149 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Host Hotels & Resorts were worth $1,192,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in Host Hotels & Resorts by 15.4% in the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after buying an additional 6,719,578 shares during the last quarter. Norges Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at approximately $615,558,000. JPMorgan Chase & Co. raised its position in Host Hotels & Resorts by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock valued at $358,576,000 after purchasing an additional 310,079 shares during the period. Northern Trust Corp lifted its stake in Host Hotels & Resorts by 3.7% during the third quarter. Northern Trust Corp now owns 12,142,399 shares of the company’s stock worth $195,128,000 after purchasing an additional 438,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Host Hotels & Resorts by 1.7% during the fourth 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 period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Wedbush reissued an “outperform” rating and issued a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Barclays dropped their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Finally, Raymond James increased their price objective on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $21.36.

Insider Transactions at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total transaction of $72,621.44. Following the sale, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Trading Up 1.5 %

HST opened at $18.33 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66. Host Hotels & Resorts, Inc. has a one year low of $14.92 and a one year high of $21.31. The company has a market cap of $12.92 billion, a P/E ratio of 17.97, a PEG ratio of 1.58 and a beta of 1.31. The business’s 50-day simple moving average is $18.43 and its 200-day simple moving average is $19.40.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.36%. Host Hotels & Resorts’s payout ratio is currently 78.43%.

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.