California State Teachers Retirement System boosted its position in Host Hotels and Resorts Inc (NYSE:HST) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,408,360 shares of the real estate investment trust’s stock after acquiring an additional 123,250 shares during the quarter. California State Teachers Retirement System owned 0.19% of Host Hotels and Resorts worth $27,956,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of HST. Amica Retiree Medical Trust acquired a new position in Host Hotels and Resorts in the third quarter valued at $154,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Host Hotels and Resorts in the fourth quarter valued at $188,000. IFP Advisors Inc boosted its holdings in Host Hotels and Resorts by 695.1% in the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 8,668 shares during the last quarter. Koch Industries Inc. acquired a new position in Host Hotels and Resorts in the fourth quarter valued at $209,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Host Hotels and Resorts in the fourth quarter valued at $216,000.
Host Hotels and Resorts Inc (NYSE:HST) opened at $19.18 on Friday. The company has a market capitalization of $13,889.38, a PE ratio of 25.57, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. Host Hotels and Resorts Inc has a one year low of $17.26 and a one year high of $21.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.51 and a current ratio of 3.51.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, March 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 106.67%.
In related news, EVP Elizabeth A. Abdoo sold 60,000 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $20.45, for a total value of $1,227,000.00. Following the transaction, the executive vice president now owns 168,905 shares in the company, valued at $3,454,107.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
A number of research analysts recently weighed in on the company. Barclays reiterated an “equal weight” rating and issued a $21.00 target price (up previously from $20.00) on shares of Host Hotels and Resorts in a report on Monday, February 26th. Robert W. Baird set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Tuesday, February 27th. Wolfe Research assumed coverage on Host Hotels and Resorts in a report on Wednesday, November 29th. They issued a “market perform” rating on the stock. Boenning Scattergood reiterated a “buy” rating on shares of Host Hotels and Resorts in a report on Friday, February 23rd. Finally, Deutsche Bank set a $23.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday, February 9th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $20.71.
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About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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