Host Hotels and Resorts Inc (HST) Shares Sold by MERIAN GLOBAL INVESTORS UK Ltd

MERIAN GLOBAL INVESTORS UK Ltd cut its position in shares of Host Hotels and Resorts Inc (NYSE:HST) by 19.3% during the 1st quarter, Holdings Channel reports. The firm owned 30,400 shares of the real estate investment trust’s stock after selling 7,268 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd’s holdings in Host Hotels and Resorts were worth $574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in HST. Oregon Public Employees Retirement Fund increased its position in Host Hotels and Resorts by 1,610.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,133,693 shares of the real estate investment trust’s stock worth $1,088,000 after buying an additional 17,073,795 shares during the period. Norges Bank acquired a new stake in Host Hotels and Resorts in the fourth quarter worth $123,703,000. PGGM Investments increased its position in Host Hotels and Resorts by 37.3% in the fourth quarter. PGGM Investments now owns 18,593,209 shares of the real estate investment trust’s stock worth $309,949,000 after buying an additional 5,053,489 shares during the period. BlackRock Inc. increased its position in Host Hotels and Resorts by 4.2% in the fourth quarter. BlackRock Inc. now owns 86,424,415 shares of the real estate investment trust’s stock worth $1,440,696,000 after buying an additional 3,486,111 shares during the period. Finally, Morgan Stanley increased its position in Host Hotels and Resorts by 33.1% in the third quarter. Morgan Stanley now owns 13,485,722 shares of the real estate investment trust’s stock worth $284,549,000 after buying an additional 3,350,658 shares during the period. Hedge funds and other institutional investors own 97.62% of the company’s stock.

A number of research analysts have recently commented on the company. Deutsche Bank reissued a “buy” rating and set a $22.00 price target on shares of Host Hotels and Resorts in a report on Sunday, February 24th. Zacks Investment Research raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Wolfe Research lowered Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target on the stock. in a report on Tuesday, March 12th. Morgan Stanley set a $18.00 price target on Host Hotels and Resorts and gave the company a “sell” rating in a report on Friday, May 3rd. Finally, Barclays reissued a “buy” rating on shares of Host Hotels and Resorts in a report on Sunday, May 5th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and an average target price of $20.77.

In related news, Director Walter C. Rakowich sold 2,895 shares of Host Hotels and Resorts stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $19.17, for a total transaction of $55,497.15. Following the transaction, the director now directly owns 44,982 shares of the company’s stock, valued at $862,304.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael D. Bluhm sold 18,360 shares of Host Hotels and Resorts stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $19.84, for a total value of $364,262.40. Following the transaction, the chief financial officer now directly owns 176,618 shares in the company, valued at $3,504,101.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,940 shares of company stock worth $453,005. 1.20% of the stock is owned by corporate insiders.

Shares of HST opened at $18.97 on Tuesday. The firm has a market cap of $14.21 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 2.12 and a beta of 1.20. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51. 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 released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Sell-side analysts anticipate that Host Hotels and Resorts Inc will post 1.81 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/21/host-hotels-and-resorts-inc-hst-shares-sold-by-merian-global-investors-uk-ltd.html.

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

Read More: Book Value Per Share – BVPS

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels and Resorts Inc (NYSE:HST).

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

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.