New Mexico Educational Retirement Board Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

New Mexico Educational Retirement Board decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 4.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,533 shares of the company’s stock after selling 2,100 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Host Hotels & Resorts were worth $807,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. JPMorgan Chase & Co. raised its stake in shares of Host Hotels & Resorts by 21.5% during the fourth quarter. JPMorgan Chase & Co. now owns 50,513,346 shares of the company’s stock valued at $878,428,000 after purchasing an additional 8,935,955 shares during the period. State Street Corp raised its stake in shares of Host Hotels & Resorts by 7.8% during the fourth quarter. State Street Corp now owns 45,914,116 shares of the company’s stock valued at $798,446,000 after purchasing an additional 3,325,853 shares during the period. Norges Bank purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $422,242,000. Invesco Ltd. raised its stake in shares of Host Hotels & Resorts by 4.0% during the fourth quarter. Invesco Ltd. now owns 20,672,870 shares of the company’s stock valued at $359,500,000 after purchasing an additional 794,523 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Host Hotels & Resorts by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 15,580,484 shares of the company’s stock valued at $270,366,000 after purchasing an additional 301,868 shares during the period.

Shares of HST opened at $15.70 on Thursday. Host Hotels & Resorts, Inc. has a 1 year low of $14.67 and a 1 year high of $21.63. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 44.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.03 and a current ratio of 4.03. The firm has a fifty day moving average of $19.51 and a 200-day moving average of $18.42.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.14. Host Hotels & Resorts had a net margin of 7.21% and a return on equity of 4.06%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $949.39 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 169.2% compared to the same quarter last year. Analysts predict that Host Hotels & Resorts, Inc. will post 1.65 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.06 per share. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 29th. This represents a $0.24 annualized dividend and a dividend yield of 1.53%. Host Hotels & Resorts’s payout ratio is 34.29%.

In related news, Director Walter C. Rakowich sold 3,290 shares of Host Hotels & Resorts stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $19.61, for a total transaction of $64,516.90. Following the sale, the director now directly owns 53,083 shares in the company, valued at $1,040,957.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Nathan S. Tyrrell sold 10,707 shares of Host Hotels & Resorts stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $21.00, for a total transaction of $224,847.00. Following the sale, the vice president now owns 379,285 shares in the company, valued at $7,964,985. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Wednesday, June 1st. Jefferies Financial Group raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price target for the stock from $20.00 to $25.00 in a research report on Wednesday, March 30th. Raymond James raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a research report on Wednesday, March 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $26.00 in a report on Friday, May 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, March 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $21.80.

About Host Hotels & Resorts (Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

See Also

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