Capstone Asset Management Co. decreased its position in Host Hotels & Resorts, Inc. (NYSE:HST) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,348 shares of the real estate investment trust’s stock after selling 250 shares during the period. Capstone Asset Management Co.’s holdings in Host Hotels & Resorts were worth $1,377,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Host Hotels & Resorts by 2,288.8% in the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock worth $1,370,925,000 after buying an additional 70,393,061 shares in the last quarter. Ameriprise Financial Inc. increased its position in Host Hotels & Resorts by 193.4% in the first quarter. Ameriprise Financial Inc. now owns 5,453,923 shares of the real estate investment trust’s stock worth $101,805,000 after buying an additional 3,595,166 shares in the last quarter. Vanguard Group Inc. increased its position in Host Hotels & Resorts by 2.1% in the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock worth $2,430,872,000 after buying an additional 2,703,678 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Host Hotels & Resorts by 10.8% in the first quarter. Daiwa Securities Group Inc. now owns 22,053,711 shares of the real estate investment trust’s stock worth $411,522,000 after buying an additional 2,149,679 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in Host Hotels & Resorts during the first quarter worth approximately $36,899,000.
Host Hotels & Resorts, Inc. (NYSE:HST) opened at 18.61 on Thursday. The stock’s 50 day moving average is $18.42 and its 200 day moving average is $18.31. The company has a market capitalization of $13.77 billion, a PE ratio of 18.80 and a beta of 1.33. Host Hotels & Resorts, Inc. has a one year low of $14.69 and a one year high of $20.21.
Host Hotels & Resorts (NYSE:HST) last posted its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. Host Hotels & Resorts had a net margin of 13.57% and a return on equity of 10.38%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post $0.78 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Wednesday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 80.81%.
A number of equities analysts have recently commented on HST shares. BidaskClub upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Boenning Scattergood reaffirmed a “neutral” rating on shares of Host Hotels & Resorts in a report on Wednesday, April 12th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Host Hotels & Resorts from a “sell” rating to a “neutral” rating and upped their target price for the company from $16.00 to $17.00 in a report on Monday, April 10th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $18.35.
In other news, Director Walter C. Rakowich sold 2,828 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $17.59, for a total value of $49,744.52. Following the sale, the director now owns 23,584 shares of the company’s stock, valued at $414,842.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joanne G. Hamilton sold 3,069 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total transaction of $58,341.69. Following the completion of the sale, the executive vice president now directly owns 43,035 shares in the company, valued at approximately $818,095.35. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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