Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lazard Asset Management LLC boosted its position in shares of Host Hotels & Resorts by 111.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after acquiring an additional 866,530 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Host Hotels & Resorts by 3.0% in the 1st quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after buying an additional 790 shares during the period. EntryPoint Capital LLC purchased a new stake in Host Hotels & Resorts in the 1st quarter valued at about $95,000. Vident Advisory LLC raised its holdings in Host Hotels & Resorts by 45.6% in the 1st quarter. Vident Advisory LLC now owns 232,352 shares of the company’s stock valued at $4,805,000 after buying an additional 72,782 shares during the period. Finally, Shell Asset Management Co. purchased a new stake in Host Hotels & Resorts in the 1st quarter valued at about $371,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insiders Place Their Bets

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock 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. Host Hotels & Resorts, Inc. has a 1 year low of $14.92 and a 1 year high of $21.31. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The business has a 50-day moving average of $17.98 and a 200-day moving average of $19.15. The stock has a market capitalization of $12.56 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.52 and a beta of 1.33.

Host Hotels & Resorts Dividend Announcement

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. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. The ex-dividend date of this dividend was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Host Hotels & Resorts 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.