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New York State Common Retirement Fund Purchases 42,103 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

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New York State Common Retirement Fund lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 953,017 shares of the company’s stock after buying an additional 42,103 shares during the period. New York State Common Retirement Fund owned about 0.13% of Host Hotels & Resorts worth $18,517,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HST. Allspring Global Investments Holdings LLC acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $2,573,000. Yousif Capital Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $2,291,000. CWM LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter valued at about $48,000. Xponance Inc. lifted its stake in Host Hotels & Resorts by 34.4% in the 4th quarter. Xponance Inc. now owns 48,984 shares of the company’s stock valued at $852,000 after purchasing an additional 12,531 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Host Hotels & Resorts by 6.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 765,340 shares of the company’s stock valued at $13,309,000 after purchasing an additional 47,119 shares during the last quarter.

Analyst Ratings Changes

HST has been the subject of several recent analyst reports. Evercore ISI reiterated an “outperform” rating and issued a $23.00 target price on shares of Host Hotels & Resorts in a research note on Monday, July 11th. Barclays lowered their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Host Hotels & Resorts from $23.00 to $26.00 in a report on Friday, May 6th. Finally, Truist Financial increased their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a report on Wednesday, June 1st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.82.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $17.68 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $14.67 and a fifty-two week high of $21.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a market capitalization of $12.64 billion, a P/E ratio of 50.52 and a beta of 1.24. The company’s 50 day moving average price is $17.45 and its two-hundred day moving average price is $18.29.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last issued its earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.12). Host Hotels & Resorts had a net margin of 7.21% and a return on equity of 4.06%. During the same quarter last year, the business posted $0.12 earnings per share. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.68 earnings per share for the current fiscal year.

Host Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.71%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s payout ratio is 68.57%.

Insider Transactions at Host Hotels & Resorts

In other news, Director Walter C. Rakowich sold 3,290 shares of Host Hotels & Resorts stock in a transaction on Friday, May 20th. The shares were sold at an average price of $19.61, for a total transaction of $64,516.90. Following the transaction, the director now owns 53,083 shares in the company, valued at $1,040,957.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, VP Nathan S. Tyrrell sold 10,707 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $21.00, for a total value of $224,847.00. Following the transaction, the vice president now owns 379,285 shares in the company, valued at $7,964,985. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Walter C. Rakowich sold 3,290 shares of the business’s stock in a transaction on Friday, May 20th. The shares were sold at an average price of $19.61, for a total transaction of $64,516.90. Following the completion of the transaction, the director now owns 53,083 shares in the company, valued at approximately $1,040,957.63. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

About Host Hotels & Resorts

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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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