State of New Jersey Common Pension Fund D Acquires 16,441 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

State of New Jersey Common Pension Fund D raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 391,272 shares of the company’s stock after acquiring an additional 16,441 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Host Hotels & Resorts were worth $6,855,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in Host Hotels & Resorts by 23.1% in the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after acquiring an additional 113,761 shares during the last quarter. Verition Fund Management LLC boosted its stake in Host Hotels & Resorts by 123.4% in the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after acquiring an additional 36,278 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Host Hotels & Resorts in the third quarter valued at approximately $540,000. LMR Partners LLP bought a new position in Host Hotels & Resorts in the third quarter valued at approximately $4,775,000. Finally, Aigen Investment Management LP bought a new position in Host Hotels & Resorts in the third quarter valued at approximately $639,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Trading Up 4.0 %

Shares of NASDAQ:HST opened at $17.05 on Wednesday. Host Hotels & Resorts, Inc. has a 12 month low of $15.71 and a 12 month high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $17.30 and its 200 day simple moving average is $17.48. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 16.55 and a beta of 1.30.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.69%. Host Hotels & Resorts’s payout ratio is 77.67%.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent research reports. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday. Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.