State of Alaska Department of Revenue Has $10.31 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of Alaska Department of Revenue decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 529,512 shares of the company’s stock after selling 8,901 shares during the period. State of Alaska Department of Revenue owned about 0.08% of Host Hotels & Resorts worth $10,308,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HST. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the 4th quarter worth approximately $410,211,000. Wellington Management Group LLP raised its holdings in shares of Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock worth $807,923,000 after buying an additional 6,719,578 shares in the last quarter. State Street Corp raised its holdings in shares of Host Hotels & Resorts by 7.1% in the 1st quarter. State Street Corp now owns 49,154,706 shares of the company’s stock worth $956,516,000 after buying an additional 3,240,590 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Host Hotels & Resorts by 102.1% in the 1st quarter. Prudential Financial Inc. now owns 5,000,909 shares of the company’s stock worth $97,168,000 after buying an additional 2,526,434 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Host Hotels & Resorts by 18.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 14,392,721 shares of the company’s stock worth $242,230,000 after buying an additional 2,276,596 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.3 %

NASDAQ:HST opened at $20.68 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $14.55 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.84 and a beta of 1.31. The stock’s fifty day simple moving average is $20.18 and its 200-day simple moving average is $18.42.

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

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be given a $0.20 dividend. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HST shares. Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and increased their target price for the stock from $18.00 to $23.00 in a report on Monday, January 8th. Stifel Nicolaus raised their price target on Host Hotels & Resorts from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised Host Hotels & Resorts from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, December 14th. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Finally, Oppenheimer raised their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.20.

Get Our Latest Research Report on HST

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Host Hotels & Resorts Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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