Public Sector Pension Investment Board Has $1.76 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Public Sector Pension Investment Board raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 17.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 98,020 shares of the company’s stock after acquiring an additional 14,436 shares during the period. Public Sector Pension Investment Board’s holdings in Host Hotels & Resorts were worth $1,762,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock worth $45,934,000 after purchasing an additional 2,165,260 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Host Hotels & Resorts by 103.2% during the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after buying an additional 1,866,661 shares during the period. KBC Group NV lifted its position in shares of Host Hotels & Resorts by 782.1% during the 4th quarter. KBC Group NV now owns 1,621,288 shares of the company’s stock worth $31,567,000 after buying an additional 1,437,499 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Host Hotels & Resorts by 20.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after buying an additional 1,339,458 shares during the period. Finally, LSV Asset Management lifted its position in shares of Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Down 2.9 %

NASDAQ:HST opened at $17.60 on Tuesday. The firm has a market capitalization of $12.41 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. Host Hotels & Resorts, Inc. has a twelve month low of $14.92 and a twelve month high of $21.31. The stock’s 50 day moving average price is $17.20 and its two-hundred day moving average price is $18.23. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Wall Street Analysts Forecast Growth

HST has been the topic of several research analyst reports. Truist Financial decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Oppenheimer cut their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.00.

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.