APG Asset Management US Inc. decreased its position in Host Hotels & Resorts, Inc. (NYSE:HST) by 6.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,316,544 shares of the real estate investment trust’s stock after selling 1,042,000 shares during the period. Host Hotels & Resorts comprises about 2.2% of APG Asset Management US Inc.’s holdings, making the stock its 13th largest position. APG Asset Management US Inc. owned about 1.94% of Host Hotels & Resorts worth $261,563,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Muzinich & Co. Inc. acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth about $127,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter worth about $132,000. Creative Planning raised its stake in shares of Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 136 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 2,556 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth about $194,000.
Host Hotels & Resorts, Inc. (NYSE HST) traded down 0.885% during trading on Thursday, hitting $18.475. The stock had a trading volume of 1,547,461 shares. Host Hotels & Resorts, Inc. has a 52 week low of $14.69 and a 52 week high of $20.21. The company has a market cap of $13.65 billion, a PE ratio of 22.865 and a beta of 1.33. The stock has a 50-day moving average price of $18.49 and a 200-day moving average price of $18.31.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.43%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts predict that Host Hotels & Resorts, Inc. will post $0.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.29%. Host Hotels & Resorts’s payout ratio is 100.00%.
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Several analysts recently weighed in on the company. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. BidaskClub raised Host Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday. Barclays PLC reissued a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, JMP Securities reissued a “market perform” rating on shares of Host Hotels & Resorts in a report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.44.
In other Host Hotels & Resorts news, EVP Joanne G. Hamilton sold 3,069 shares of Host Hotels & Resorts stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total value of $58,341.69. Following the sale, the executive vice president now directly owns 43,035 shares in the company, valued at approximately $818,095.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Walter C. Rakowich sold 2,828 shares of Host Hotels & Resorts stock in a transaction on Friday, May 12th. The shares were sold at an average price of $17.59, for a total transaction of $49,744.52. Following the completion of the sale, the director now owns 23,584 shares in the company, valued at $414,842.56. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
Host Hotels & Resorts Company Profile
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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