Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.9% in the second quarter, Holdings Channel.com reports. The firm owned 39,900 shares of the company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Host Hotels & Resorts were worth $717,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter valued at $615,558,000. Charles Schwab Investment Management Inc. grew its holdings in Host Hotels & Resorts by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,800,053 shares of the company’s stock worth $190,807,000 after acquiring an additional 164,334 shares in the last quarter. Centersquare Investment Management LLC grew its holdings in Host Hotels & Resorts by 2.3% during the 4th quarter. Centersquare Investment Management LLC now owns 8,627,779 shares of the company’s stock worth $167,983,000 after acquiring an additional 190,606 shares in the last quarter. LSV Asset Management grew its holdings in Host Hotels & Resorts by 10.2% during the 1st quarter. LSV Asset Management now owns 8,223,900 shares of the company’s stock worth $170,070,000 after acquiring an additional 764,500 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in Host Hotels & Resorts by 0.3% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,681,284 shares of the company’s stock worth $158,849,000 after acquiring an additional 25,953 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 2.4 %

Shares of NASDAQ:HST opened at $17.65 on Friday. The company has a 50 day moving average of $17.34 and a 200-day moving average of $18.68. The firm has a market cap of $12.44 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a current ratio of 4.55, a quick ratio of 6.66 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.53%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HST shares. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. Barclays decreased their price objective on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Truist Financial reduced 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 report on Thursday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $21.50.

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.