California Public Employees Retirement System lowered its stake in Host Hotels and Resorts Inc (NYSE:HST) by 2.4% during the 2nd quarter, Holdings Channel reports. The firm owned 1,981,607 shares of the real estate investment trust’s stock after selling 48,285 shares during the period. California Public Employees Retirement System’s holdings in Host Hotels and Resorts were worth $41,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Host Hotels and Resorts by 1.6% in the second quarter. BlackRock Inc. now owns 80,558,406 shares of the real estate investment trust’s stock worth $1,697,364,000 after purchasing an additional 1,306,553 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Host Hotels and Resorts by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 11,382,347 shares of the real estate investment trust’s stock worth $239,822,000 after purchasing an additional 168,274 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Host Hotels and Resorts by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 8,148,217 shares of the real estate investment trust’s stock worth $171,683,000 after purchasing an additional 370,150 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Host Hotels and Resorts by 4.5% during the 1st quarter. Legal & General Group Plc now owns 6,099,881 shares of the real estate investment trust’s stock worth $113,705,000 after acquiring an additional 260,298 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Host Hotels and Resorts by 41.3% during the 2nd quarter. LSV Asset Management now owns 6,047,906 shares of the real estate investment trust’s stock worth $127,429,000 after acquiring an additional 1,769,229 shares during the last quarter. Institutional investors own 99.41% of the company’s stock.

HST opened at $21.12 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.33 and a current ratio of 3.33. Host Hotels and Resorts Inc has a fifty-two week low of $17.93 and a fifty-two week high of $22.47. The firm has a market cap of $15.66 billion, a P/E ratio of 12.50, a PEG ratio of 2.41 and a beta of 1.24.

Host Hotels and Resorts (NYSE:HST) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.23). Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. equities analysts expect that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 47.34%.

Several research analysts have recently weighed in on HST shares. Jefferies Financial Group started coverage on shares of Host Hotels and Resorts in a research note on Thursday, May 31st. They set a “hold” rating and a $22.00 price target on the stock. Barclays lifted their price target on shares of Host Hotels and Resorts from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, June 1st. Goldman Sachs Group cut shares of Host Hotels and Resorts from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research note on Sunday, June 10th. ValuEngine cut shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Citigroup lifted their price target on shares of Host Hotels and Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. Host Hotels and Resorts has an average rating of “Buy” and an average price target of $21.87.

Host Hotels and 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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

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

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