State of Alaska Department of Revenue Sells 30,730 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of Alaska Department of Revenue decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 498,782 shares of the company’s stock after selling 30,730 shares during the quarter. State of Alaska Department of Revenue owned about 0.07% of Host Hotels & Resorts worth $10,313,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HST. Czech National Bank grew its holdings in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after buying an additional 569 shares in the last quarter. Cornercap Investment Counsel Inc. raised its stake in Host Hotels & Resorts by 0.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock worth $1,613,000 after purchasing an additional 610 shares in the last quarter. Eagle Strategies LLC boosted its holdings in Host Hotels & Resorts by 2.9% in the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after purchasing an additional 617 shares during the period. Gulf International Bank UK Ltd grew its position in shares of Host Hotels & Resorts by 16.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after purchasing an additional 627 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Host Hotels & Resorts by 0.3% during the fourth quarter. Amalgamated Bank now owns 238,115 shares of the company’s stock worth $4,636,000 after purchasing an additional 662 shares during the period. Institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HST. Raymond James increased their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, March 15th. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Barclays dropped their price target on 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. UBS Group reduced 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 research note on Friday, April 19th. Finally, Truist Financial dropped their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $21.36.

Host Hotels & Resorts Trading Up 0.2 %

Shares of HST stock opened at $17.68 on Thursday. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $12.47 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.54 and a beta of 1.33. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $19.37.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 78.43%.

Insider Activity

In related news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts 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 sale, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

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.