Host Hotels and Resorts Inc (HST) Position Increased by State Treasurer State of Michigan

State Treasurer State of Michigan boosted its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 213,400 shares of the real estate investment trust’s stock after purchasing an additional 900 shares during the quarter. State Treasurer State of Michigan’s holdings in Host Hotels and Resorts were worth $4,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HST. Doyle Wealth Management bought a new stake in Host Hotels and Resorts during the 4th quarter valued at approximately $33,000. Liberty Wealth Management LLC bought a new stake in shares of Host Hotels and Resorts in the 1st quarter worth approximately $34,000. Private Capital Group LLC lifted its position in shares of Host Hotels and Resorts by 44.7% in the 4th quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 703 shares during the period. Pearl River Capital LLC bought a new stake in shares of Host Hotels and Resorts in the 4th quarter worth approximately $39,000. Finally, Exane Asset Management bought a new stake in shares of Host Hotels and Resorts in the 4th quarter worth approximately $43,000. Hedge funds and other institutional investors own 97.62% of the company’s stock.

In related news, VP Nathan S. Tyrrell sold 1,685 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $19.73, for a total transaction of $33,245.05. Following the completion of the sale, the vice president now directly owns 162,713 shares of the company’s stock, valued at approximately $3,210,327.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael D. Bluhm sold 18,360 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total value of $364,262.40. Following the sale, the chief financial officer now directly owns 176,618 shares of the company’s stock, valued at $3,504,101.12. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of analysts have commented on the company. Zacks Investment Research downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Wolfe Research downgraded 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 report on Tuesday, March 12th. Deutsche Bank restated a “buy” rating and set a $22.00 target price on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Finally, Morgan Stanley set a $18.00 target price on Host Hotels and Resorts and gave the stock a “sell” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and a consensus target price of $20.77.

Host Hotels and Resorts stock opened at $19.18 on Friday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $14.21 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.14 and a beta of 1.20. Host Hotels and Resorts Inc has a one year low of $15.94 and a one year high of $22.47.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. Host Hotels and Resorts’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.43 EPS. On average, equities research analysts forecast that Host Hotels and Resorts Inc will post 1.81 EPS for the current fiscal year.

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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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