Forsta AP Fonden boosted its stake in Host Hotels & Resorts, Inc. (NYSE:HST) by 163.8% during the second quarter, Holdings Channel reports. The firm owned 232,100 shares of the real estate investment trust’s stock after buying an additional 144,100 shares during the period. Forsta AP Fonden’s holdings in Host Hotels & Resorts were worth $4,240,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vicus Capital raised its position in Host Hotels & Resorts by 2.6% in the second quarter. Vicus Capital now owns 22,941 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 586 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO purchased a new position in Host Hotels & Resorts during the second quarter valued at approximately $1,258,000. Aperio Group LLC raised its position in Host Hotels & Resorts by 2.3% in the second quarter. Aperio Group LLC now owns 462,818 shares of the real estate investment trust’s stock valued at $8,456,000 after buying an additional 10,616 shares during the period. Louisiana State Employees Retirement System raised its position in Host Hotels & Resorts by 1.1% in the second quarter. Louisiana State Employees Retirement System now owns 45,900 shares of the real estate investment trust’s stock valued at $839,000 after buying an additional 500 shares during the period. Finally, LS Investment Advisors LLC raised its position in Host Hotels & Resorts by 3.3% in the second quarter. LS Investment Advisors LLC now owns 29,992 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 958 shares during the period.
Host Hotels & Resorts, Inc. (NYSE:HST) opened at 18.44 on Wednesday. The firm has a market capitalization of $13.64 billion, a PE ratio of 18.63 and a beta of 1.33. The stock has a 50 day moving average price of $18.42 and a 200-day moving average price of $18.29. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21. Host Hotels & Resorts also was the recipient of some unusual options trading on Monday. Stock investors purchased 10,173 call options on the company. This is an increase of 1,657% compared to the typical volume of 579 call options.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Host Hotels & Resorts had a return on equity of 10.38% and a net margin of 13.57%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post $0.76 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. The ex-dividend date was Wednesday, June 28th. Host Hotels & Resorts’s dividend payout ratio is presently 80.81%.
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Several research analysts have commented on the company. Zacks Investment Research lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Royal Bank Of Canada reissued a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. Boenning Scattergood reissued a “neutral” rating on shares of Host Hotels & Resorts in a report on Tuesday, April 18th. Finally, Goldman Sachs Group, Inc. (The) raised Host Hotels & Resorts from a “sell” rating to a “neutral” rating and boosted their target price for the company from $16.00 to $17.00 in a report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.35.
In other news, EVP Joanne G. Hamilton sold 3,069 shares of the firm’s stock in a transaction on Tuesday, June 20th. The stock was 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 of the company’s stock, valued at approximately $818,095.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 2,828 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $17.59, for a total value of $49,744.52. Following the sale, the director now directly owns 23,584 shares of the company’s stock, valued at $414,842.56. The disclosure for this sale can be found here. Company 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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