Ontario Teachers Pension Plan Board Cuts Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Ontario Teachers Pension Plan Board trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 60.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 34,357 shares of the company’s stock after selling 51,519 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Host Hotels & Resorts were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in shares of Host Hotels & Resorts by 645.5% in the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after purchasing an additional 55,775 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Host Hotels & Resorts by 854.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after acquiring an additional 286,281 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Host Hotels & Resorts by 111.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after acquiring an additional 866,530 shares during the last quarter. Swedbank AB purchased a new stake in Host Hotels & Resorts in the first quarter worth approximately $15,509,000. Finally, PGGM Investments increased its position in Host Hotels & Resorts by 2.0% during the second quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock valued at $55,981,000 after acquiring an additional 59,772 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Price Performance

HST stock opened at $17.91 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 17.39, a P/E/G ratio of 1.57 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a 50-day moving average price of $17.77 and a 200 day moving average price of $17.68. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.41 earnings per share. Host Hotels & Resorts’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.47%. Host Hotels & Resorts’s payout ratio is 77.67%.

Wall Street Analyst Weigh In

HST has been the subject of several analyst reports. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. UBS Group decreased their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Evercore ISI decreased their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Oppenheimer dropped their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Company 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.