Host Hotels and Resorts Inc (HST) Stake Lessened by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in Host Hotels and Resorts Inc (NYSE:HST) by 0.4% during the first quarter, HoldingsChannel reports. The firm owned 1,074,618 shares of the real estate investment trust’s stock after selling 4,694 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Host Hotels and Resorts were worth $20,310,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Doyle Wealth Management purchased a new stake in Host Hotels and Resorts in the fourth quarter valued at approximately $33,000. Liberty Wealth Management LLC bought a new position in Host Hotels and Resorts during the first quarter valued at approximately $34,000. Private Capital Group LLC grew its position in Host Hotels and Resorts by 44.7% during the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 703 shares during the last quarter. Pearl River Capital LLC bought a new position in Host Hotels and Resorts during the fourth quarter valued at approximately $39,000. Finally, Exane Asset Management bought a new position in Host Hotels and Resorts during the fourth quarter valued at approximately $43,000. 97.62% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE HST opened at $18.99 on Wednesday. Host Hotels and Resorts Inc has a one year low of $15.94 and a one year high of $22.47. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $13.95 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.08 and a beta of 1.20.

Host Hotels and Resorts (NYSE:HST) last issued its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the business earned $0.43 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Host Hotels and Resorts Inc will post 1.81 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Thursday, March 28th. Host Hotels and Resorts’s dividend payout ratio is 45.20%.

In other news, VP Nathan S. Tyrrell sold 1,685 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $19.73, for a total value of $33,245.05. Following the transaction, the vice president now owns 162,713 shares in the company, valued at $3,210,327.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael D. Bluhm sold 18,360 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $19.84, for a total transaction of $364,262.40. Following the completion of the transaction, the chief financial officer now owns 176,618 shares in the company, valued at approximately $3,504,101.12. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

HST has been the topic of a number of recent research reports. Deutsche Bank reiterated a “buy” rating and set a $22.00 price target on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Barclays reiterated a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Wolfe Research cut shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target on the stock. in a research report on Tuesday, March 12th. Finally, Morgan Stanley set a $18.00 price target on shares of Host Hotels and Resorts and gave the company a “sell” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and an average target price of $20.97.

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About Host Hotels and Resorts

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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