Host Hotels and Resorts Inc (HST) Stake Lowered by Resolution Capital Ltd

Resolution Capital Ltd trimmed its position in shares of Host Hotels and Resorts Inc (NYSE:HST) by 43.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,081,828 shares of the real estate investment trust’s stock after selling 833,681 shares during the period. Host Hotels and Resorts accounts for 0.7% of Resolution Capital Ltd’s portfolio, making the stock its 21st largest holding. Resolution Capital Ltd owned 0.15% of Host Hotels and Resorts worth $20,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HST. Doyle Wealth Management purchased a new position in Host Hotels and Resorts during the fourth quarter valued at $33,000. Private Capital Group LLC grew its stake in Host Hotels and Resorts by 44.7% during the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 703 shares in the last quarter. Pearl River Capital LLC purchased a new position in Host Hotels and Resorts during the fourth quarter valued at $39,000. Exane Asset Management purchased a new position in Host Hotels and Resorts during the fourth quarter valued at $43,000. Finally, Parallel Advisors LLC grew its stake in Host Hotels and Resorts by 129.4% during the fourth quarter. Parallel Advisors LLC now owns 3,079 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,737 shares in the last quarter. Hedge funds and other institutional investors own 97.93% of the company’s stock.

In related news, CFO Michael D. Bluhm sold 18,360 shares of Host Hotels and Resorts stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total transaction of $364,262.40. Following the completion of the sale, the chief financial officer now owns 176,618 shares in the company, valued at approximately $3,504,101.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Wolfe Research cut shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 target price for the company. in a research note on Tuesday, March 12th. Evercore ISI raised shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research note on Tuesday, December 18th. Barclays raised shares of Host Hotels and Resorts from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $23.00 to $22.00 in a research note on Tuesday, December 18th. Finally, Morgan Stanley cut shares of Host Hotels and Resorts from an “equal weight” rating to an “underweight” rating in a research note on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $21.22.

Shares of NYSE:HST traded down $0.20 on Wednesday, reaching $18.80. The company’s stock had a trading volume of 913,441 shares, compared to its average volume of 6,425,109. Host Hotels and Resorts Inc has a 52-week low of $15.94 and a 52-week high of $22.47. The stock has a market capitalization of $14.07 billion, a P/E ratio of 10.62, a PEG ratio of 2.16 and a beta of 1.21. The company has a quick ratio of 5.51, a current ratio of 5.51 and a debt-to-equity ratio of 0.51.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Host Hotels and Resorts had a net margin of 19.68% and a return on equity of 14.86%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company earned $0.12 EPS. On average, analysts expect that Host Hotels and Resorts Inc will post 1.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. Host Hotels and Resorts’s payout ratio is 45.20%.

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About Host Hotels and Resorts

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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