Texas Permanent School Fund Increases Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Texas Permanent School Fund increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,153 shares of the company’s stock after buying an additional 5,440 shares during the period. Texas Permanent School Fund’s holdings in Host Hotels & Resorts were worth $1,606,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Jacobi Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 1.9% in the second quarter. Jacobi Capital Management LLC now owns 29,485 shares of the company’s stock worth $462,000 after buying an additional 563 shares in the last quarter. State of Michigan Retirement System increased its stake in Host Hotels & Resorts by 0.3% during the third quarter. State of Michigan Retirement System now owns 193,529 shares of the company’s stock worth $3,073,000 after acquiring an additional 600 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Host Hotels & Resorts by 2.8% during the second quarter. Meeder Asset Management Inc. now owns 21,719 shares of the company’s stock worth $341,000 after acquiring an additional 601 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in Host Hotels & Resorts by 3.2% during the second quarter. United Capital Financial Advisers LLC now owns 20,085 shares of the company’s stock worth $315,000 after acquiring an additional 615 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in Host Hotels & Resorts by 1.8% during the second quarter. Virtu Financial LLC now owns 39,944 shares of the company’s stock worth $626,000 after acquiring an additional 721 shares during the last quarter. 97.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TheStreet raised Host Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Friday, October 28th. Oppenheimer assumed coverage on Host Hotels & Resorts in a report on Wednesday, September 14th. They set a “market perform” rating and a $21.00 price objective for the company. Morgan Stanley assumed coverage on Host Hotels & Resorts in a report on Monday, December 5th. They set an “equal weight” rating and a $20.00 price objective for the company. StockNews.com began coverage on Host Hotels & Resorts in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Host Hotels & Resorts from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $22.27.

Host Hotels & Resorts Stock Up 4.9 %

Host Hotels & Resorts stock opened at $17.26 on Thursday. The firm has a 50 day moving average price of $17.32 and a 200 day moving average price of $17.59. The company has a market capitalization of $12.34 billion, a PE ratio of 15.27 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 8.73 and a current ratio of 8.73. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $21.63.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Friday, December 30th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.48 annualized dividend and a dividend yield of 2.78%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 42.48%.

Host Hotels & Resorts Profile

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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