Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Position Lowered by Kentucky Retirement Systems

Kentucky Retirement Systems lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.1% during the first quarter, Holdings Channel reports. The institutional investor owned 53,573 shares of the company’s stock after selling 2,870 shares during the quarter. Kentucky Retirement Systems’ holdings in Host Hotels & Resorts were worth $1,108,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of HST. Miller Howard Investments Inc. NY acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $38,873,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth $1,214,000. Illinois Municipal Retirement Fund raised its position in shares of Host Hotels & Resorts by 61.1% during the fourth quarter. Illinois Municipal Retirement Fund now owns 662,269 shares of the company’s stock worth $12,894,000 after purchasing an additional 251,112 shares during the period. Victory Capital Management Inc. raised its position in shares of Host Hotels & Resorts by 7.6% during the fourth quarter. Victory Capital Management Inc. now owns 1,710,175 shares of the company’s stock worth $33,297,000 after purchasing an additional 120,555 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Host Hotels & Resorts by 4.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock worth $39,037,000 after purchasing an additional 84,687 shares during the period. Institutional investors own 98.52% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Host Hotels & Resorts Stock Up 2.1 %

Shares of HST traded up $0.36 during trading hours on Monday, hitting $17.81. 1,808,477 shares of the company were exchanged, compared to its average volume of 6,031,354. The company has a market cap of $12.56 billion, a PE ratio of 17.39, a PEG ratio of 1.52 and a beta of 1.33. The firm’s 50 day moving average is $17.98 and its 200-day moving average is $19.15. Host Hotels & Resorts, Inc. has a 52 week low of $14.92 and a 52 week high of $21.31. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent analyst reports. UBS Group cut their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. lowered Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Wedbush reissued an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. Truist Financial dropped their price target on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, Barclays dropped their price target on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $21.57.

About Host Hotels & Resorts

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.