Public Sector Pension Investment Board Buys 24,066 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Public Sector Pension Investment Board raised its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 24.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,086 shares of the company’s stock after purchasing an additional 24,066 shares during the period. Public Sector Pension Investment Board’s holdings in Host Hotels & Resorts were worth $2,149,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. FORA Capital LLC bought a new position in shares of Host Hotels & Resorts in the 3rd quarter worth about $3,007,000. Freedom Investment Management Inc. raised its position in shares of Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock worth $380,000 after acquiring an additional 625 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Host Hotels & Resorts by 23.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock worth $10,668,000 after acquiring an additional 113,761 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HST has been the subject of several research analyst reports. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Evercore ISI lowered their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Stifel Nicolaus reduced their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Oppenheimer reduced their target price 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Price Performance

HST stock opened at $18.53 on Thursday. The company has a market capitalization of $12.95 billion, a P/E ratio of 17.99 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31. The business has a 50-day simple moving average of $17.81 and a two-hundred day simple moving average of $17.66.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Host Hotels & Resorts’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. Host Hotels & Resorts’s payout ratio is presently 77.67%.

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.