Teachers Retirement System of The State of Kentucky Sells 3,149 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Teachers Retirement System of The State of Kentucky reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 hedge funds have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Host Hotels & Resorts in the fourth quarter worth $26,000. Parkside Financial Bank & Trust boosted its stake in shares of Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after purchasing an additional 639 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $40,000. Private Trust Co. NA increased its position in shares of Host Hotels & Resorts by 186.1% during the fourth quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after buying an additional 1,537 shares during the period. Finally, Signaturefd LLC raised its stake in Host Hotels & Resorts by 222.4% in the fourth quarter. Signaturefd LLC now owns 2,463 shares of the company’s stock worth $48,000 after buying an additional 1,699 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HST has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Wedbush reissued an “outperform” rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research report 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 research report on Thursday, May 30th. Raymond James lifted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, March 15th. Finally, UBS Group cut their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.36.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.33 on Monday. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The business’s fifty day simple moving average is $18.43 and its two-hundred day simple moving average is $19.40. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.58 and a beta of 1.31.

Host Hotels & Resorts Announces Dividend

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

Insider Activity

In other news, Director Walter C. Rakowich sold 3,896 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.30% of the company’s stock.

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.