Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 415,929 shares of the company’s stock after selling 58,130 shares during the period. State of Alaska Department of Revenue’s holdings in Host Hotels & Resorts were worth $7,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its stake in Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after acquiring an additional 113,761 shares during the period. Verition Fund Management LLC raised its holdings in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock worth $1,156,000 after purchasing an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Host Hotels & Resorts during the third quarter valued at $540,000. LMR Partners LLP purchased a new stake in Host Hotels & Resorts in the third quarter valued at $4,775,000. Finally, Aigen Investment Management LP acquired a new stake in Host Hotels & Resorts during the 3rd quarter worth about $639,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analyst Weigh In

HST has been the subject of several analyst reports. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Stifel Nicolaus decreased their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group decreased their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $20.96.

Host Hotels & Resorts Stock Up 2.0 %

HST opened at $16.69 on Friday. The company has a market cap of $11.67 billion, a PE ratio of 16.20 and a beta of 1.30. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a 50-day moving average price of $17.64 and a 200 day moving average price of $17.52. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.79%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.