Host Hotels and Resorts Inc (NYSE:HST) Shares Purchased by World Asset Management Inc

World Asset Management Inc lifted its stake in Host Hotels and Resorts Inc (NYSE:HST) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,238 shares of the real estate investment trust’s stock after purchasing an additional 816 shares during the period. World Asset Management Inc’s holdings in Host Hotels and Resorts were worth $1,116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Republic Investment Management Inc. lifted its stake in shares of Host Hotels and Resorts by 18.6% in the first quarter. First Republic Investment Management Inc. now owns 64,370 shares of the real estate investment trust’s stock valued at $1,217,000 after purchasing an additional 10,084 shares during the period. Dynamic Capital Management Ltd acquired a new stake in shares of Host Hotels and Resorts in the first quarter valued at about $278,000. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Host Hotels and Resorts by 1.5% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 131,943 shares of the real estate investment trust’s stock valued at $2,494,000 after purchasing an additional 1,911 shares during the period. Tredje AP fonden lifted its stake in shares of Host Hotels and Resorts by 137.2% in the first quarter. Tredje AP fonden now owns 32,443 shares of the real estate investment trust’s stock valued at $620,000 after purchasing an additional 18,764 shares during the period. Finally, Parallel Advisors LLC increased its holdings in Host Hotels and Resorts by 44.8% during the 1st quarter. Parallel Advisors LLC now owns 4,457 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

Shares of NYSE HST traded up $0.12 during midday trading on Friday, reaching $17.18. 198,527 shares of the stock were exchanged, compared to its average volume of 4,152,671. The stock has a market capitalization of $13.10 billion, a P/E ratio of 9.71, a P/E/G ratio of 1.95 and a beta of 1.13. Host Hotels and Resorts Inc has a 52-week low of $15.94 and a 52-week high of $22.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.11 and a quick ratio of 5.11. The stock’s 50 day simple moving average is $18.06.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 18.32% and a return on equity of 13.76%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Research analysts predict that Host Hotels and Resorts Inc will post 1.81 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.66%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

In other news, VP Nathan S. Tyrrell sold 1,685 shares of Host Hotels and Resorts stock in a transaction dated Monday, May 6th. The shares were 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 in the company, valued at $3,210,327.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 sale, the director now owns 44,982 shares of the company’s stock, valued at $862,304.94. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Several research firms have weighed in on HST. ValuEngine downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Capital One Financial began coverage on shares of Host Hotels and Resorts in a report on Tuesday, June 25th. They set an “overweight” rating and a $23.00 target price for the company. BTIG Research dropped their target price on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a report on Thursday, June 27th. They noted that the move was a valuation call. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a report on Sunday, May 5th. Finally, Morgan Stanley set a $18.00 target price on shares of Host Hotels and Resorts and gave the company a “sell” rating in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.92.

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.

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

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