Candriam Luxembourg S.C.A. boosted its position in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 421.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 376,399 shares of the real estate investment trust’s stock after buying an additional 304,235 shares during the period. Candriam Luxembourg S.C.A. owned about 0.05% of Host Hotels & Resorts worth $6,877,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Harbour Capital Advisors LLC raised its position in Host Hotels & Resorts by 1,727.0% in the second quarter. Harbour Capital Advisors LLC now owns 3,727 shares of the real estate investment trust’s stock worth $204,000 after buying an additional 3,523 shares during the last quarter. Muzinich & Co. Inc. purchased a new position in Host Hotels & Resorts during the first quarter worth about $127,000. Creative Planning raised its position in 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 position in 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. purchased a new position in Host Hotels & Resorts during the first quarter worth about $194,000.
Host Hotels & Resorts, Inc. (NYSE:HST) opened at 18.65 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $14.69 and a 1-year high of $20.21. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 23.08 and a beta of 1.33. The firm has a 50-day moving average of $18.49 and a 200 day moving average of $18.31.
Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Analysts expect that Host Hotels & Resorts, Inc. will post $0.75 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders 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 annualized dividend and a yield of 4.29%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.
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A number of research analysts have issued reports on the stock. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a research note on Friday, July 28th. BidaskClub raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Barclays PLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Finally, Goldman Sachs Group, Inc. (The) raised shares of Host Hotels & Resorts from a “sell” rating to a “neutral” rating and upped their price target for the stock from $16.00 to $17.00 in a research note on Monday, April 10th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.44.
In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 2,828 shares of the firm’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 transaction of $49,744.52. Following the sale, the director now directly owns 23,584 shares in the company, valued at approximately $414,842.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joanne G. Hamilton sold 3,069 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 43,035 shares in the company, valued at $818,095.35. 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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