Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 529,110 shares of the company’s stock after buying an additional 35,000 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Host Hotels & Resorts worth $10,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Host Hotels & Resorts by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock worth $807,923,000 after acquiring an additional 6,719,578 shares in the last quarter. JPMorgan Chase & Co. grew its position in Host Hotels & Resorts by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock worth $358,576,000 after acquiring an additional 310,079 shares during the last quarter. Northern Trust Corp boosted its position in Host Hotels & Resorts by 3.7% in the 3rd quarter. Northern Trust Corp now owns 12,142,399 shares of the company’s stock valued at $195,128,000 after buying an additional 438,014 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Host Hotels & Resorts by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,635,719 shares of the company’s stock worth $154,846,000 after purchasing an additional 68,616 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Host Hotels & Resorts by 36.1% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 5,971,513 shares of the company’s stock worth $95,963,000 after purchasing an additional 1,582,874 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

HST has been the topic of several recent research reports. Truist Financial lifted their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $23.00 in a research report on Monday, January 8th. Raymond James upped their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Oppenheimer upped their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Finally, Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.33.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.30% of the stock is owned by corporate insiders.

Host Hotels & Resorts Stock Performance

HST stock traded down $0.44 during midday trading on Thursday, reaching $18.89. 4,050,632 shares of the company’s stock traded hands, compared to its average volume of 5,948,200. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The stock has a market cap of $13.29 billion, a P/E ratio of 18.16, a PEG ratio of 1.72 and a beta of 1.31. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $20.27 and its 200 day moving average is $18.88.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.97 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.24%. Host Hotels & Resorts’s payout ratio is currently 76.92%.

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.