National Pension Service lifted its stake in Host Hotels and Resorts Inc (NYSE:HST) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 833,868 shares of the real estate investment trust’s stock after purchasing an additional 47,355 shares during the period. National Pension Service owned 0.11% of Host Hotels and Resorts worth $16,552,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Point72 Asset Management L.P. bought a new position in shares of Host Hotels and Resorts in the 3rd quarter valued at about $47,467,000. Bank of New York Mellon Corp lifted its holdings in shares of Host Hotels and Resorts by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock valued at $358,876,000 after acquiring an additional 2,094,813 shares during the last quarter. Resolution Capital Ltd bought a new position in shares of Host Hotels and Resorts in the 3rd quarter valued at about $24,072,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Host Hotels and Resorts by 60.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,743,774 shares of the real estate investment trust’s stock valued at $50,129,000 after acquiring an additional 1,036,180 shares during the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in Host Hotels and Resorts in the second quarter worth about $15,824,000.
Several brokerages have issued reports on HST. Stifel Nicolaus reissued a “buy” rating and issued a $19.00 price objective on shares of Host Hotels and Resorts in a research note on Tuesday, October 17th. Deutsche Bank set a $23.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Friday, February 9th. Wells Fargo & Co raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Monday, November 6th. Wolfe Research assumed coverage on shares of Host Hotels and Resorts in a research report on Wednesday, November 29th. They set a “market perform” rating on the stock. Finally, Zacks Investment Research lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and a consensus target price of $20.63.
In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of Host Hotels and Resorts stock in a transaction on Monday, December 18th. The shares were sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the completion of the sale, the executive vice president now directly owns 168,905 shares in the company, valued at $3,454,107.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.
Host Hotels and Resorts Inc (HST) traded up $0.12 during trading hours on Wednesday, hitting $19.64. 12,645,544 shares of the stock traded hands, compared to its average volume of 6,851,851. Host Hotels and Resorts Inc has a 1-year low of $17.26 and a 1-year high of $21.53. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14,450.00, a P/E ratio of 24.10, a P/E/G ratio of 2.36 and a beta of 1.25.
The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a dividend of $0.20 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.07%. Host Hotels and Resorts’s payout ratio is currently 98.77%.
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Host Hotels and Resorts Profile
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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