Illinois Municipal Retirement Fund Has $8.57 Million Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Illinois Municipal Retirement Fund grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 39.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 489,383 shares of the company’s stock after purchasing an additional 138,164 shares during the period. Illinois Municipal Retirement Fund owned about 0.07% of Host Hotels & Resorts worth $8,574,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Host Hotels & Resorts by 1.9% in the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after purchasing an additional 950,431 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after purchasing an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake 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 valued at $240,017,000 after purchasing an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after purchasing an additional 181,103 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Host Hotels & Resorts by 537.4% in 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 valued at $121,318,000 after purchasing an additional 5,811,722 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $16.02 on Wednesday. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 16.18 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. The firm has a 50 day moving average of $17.07 and a 200-day moving average of $17.49.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.99%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HST. UBS Group dropped their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Raymond James dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company dropped their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $20.54.

Host Hotels & Resorts 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.