State of Michigan Retirement System Has $4.03 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of Michigan Retirement System raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,129 shares of the company’s stock after buying an additional 8,300 shares during the quarter. State of Michigan Retirement System’s holdings in Host Hotels & Resorts were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp grew its holdings in Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after purchasing an additional 991 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the fourth quarter worth $45,000. Institutional investors own 98.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Wells Fargo & Company decreased their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, UBS Group lowered their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $16.33 on Friday. Host Hotels & Resorts, Inc. has a 12 month low of $15.65 and a 12 month high of $21.27. The company’s fifty day simple moving average is $16.79 and its 200-day simple moving average is $17.46. The firm has a market cap of $11.42 billion, a PE ratio of 16.49 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 4.90%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.