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

Teachers Retirement System of The State of Kentucky lessened its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,242 shares of the company’s stock after selling 1,619 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Host Hotels & Resorts were worth $1,011,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BROOKFIELD Corp ON purchased a new position in Host Hotels & Resorts during the first quarter valued at $25,000. Blue Trust Inc. increased its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Riverview Trust Co purchased a new position in Host Hotels & Resorts in the 1st quarter worth about $27,000. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts during the second quarter valued at approximately $30,000. Finally, Mather Group LLC. purchased a new stake in Host Hotels & Resorts in the first quarter worth approximately $35,000. 98.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HST has been the topic of several research analyst reports. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Oppenheimer cut their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Evercore ISI decreased their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Host Hotels & Resorts Stock Up 2.8 %

NASDAQ HST opened at $17.86 on Friday. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The stock’s 50 day moving average is $17.21 and its 200 day moving average is $18.18. The stock has a market cap of $12.59 billion, a PE ratio of 17.51, a P/E/G ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.48%. Host Hotels & Resorts’s payout ratio is 78.43%.

Host Hotels & Resorts Company Profile

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.