State of New Jersey Common Pension Fund D Sells 191,741 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of New Jersey Common Pension Fund D trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 33.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 382,369 shares of the company’s stock after selling 191,741 shares during the period. State of New Jersey Common Pension Fund D owned 0.05% of Host Hotels & Resorts worth $6,875,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Daiwa Securities Group Inc. raised its position in shares of Host Hotels & Resorts by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock worth $146,909,000 after acquiring an additional 489,415 shares in the last quarter. Andra AP fonden increased its position in Host Hotels & Resorts by 1.7% during the 2nd quarter. Andra AP fonden now owns 1,237,400 shares of the company’s stock valued at $22,248,000 after buying an additional 20,400 shares in the last quarter. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts during the 2nd quarter valued at about $30,000. Choreo LLC increased its position in Host Hotels & Resorts by 9.5% during the 2nd quarter. Choreo LLC now owns 56,213 shares of the company’s stock valued at $991,000 after buying an additional 4,882 shares in the last quarter. Finally, Prudential PLC increased its position in Host Hotels & Resorts by 94.6% during the 2nd quarter. Prudential PLC now owns 111,973 shares of the company’s stock valued at $2,013,000 after buying an additional 54,434 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $17.42 on Monday. The business has a 50 day simple moving average of $17.18 and a two-hundred day simple moving average of $18.44. Host Hotels & Resorts, Inc. has a 12 month low of $14.92 and a 12 month high of $21.31. The stock has a market capitalization of $12.28 billion, a P/E ratio of 17.08, a PEG ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.59%. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Analyst Upgrades and Downgrades

HST has been the topic of several recent analyst reports. Oppenheimer reduced their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Truist Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. 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. downgraded 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 note on Friday, July 19th. Finally, Robert W. Baird dropped their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.06.

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.