Great West Life Assurance Co. Can decreased its stake in Host Hotels & Resorts, Inc. (NYSE:HST) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,009,870 shares of the real estate investment trust’s stock after selling 38,827 shares during the period. Great West Life Assurance Co. Can owned 0.14% of Host Hotels & Resorts worth $18,425,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. BlackRock Inc. raised 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 valued at $1,370,925,000 after buying an additional 70,393,061 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of 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 valued at $101,805,000 after buying an additional 3,595,166 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 valued at $2,430,872,000 after buying an additional 2,703,678 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of 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 valued at $411,522,000 after buying an additional 2,149,679 shares during the period. Finally, Systematic Financial Management LP bought a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $36,899,000.
Shares of Host Hotels & Resorts, Inc. (NYSE HST) traded down 1.70% during mid-day trading on Thursday, reaching $17.92. The company had a trading volume of 6,980,185 shares. The firm has a market capitalization of $13.26 billion, a PE ratio of 22.18 and a beta of 1.33. The stock has a 50 day moving average price of $18.30 and a 200 day moving average price of $18.30. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21.
Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data 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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. Host Hotels & Resorts’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post $0.79 earnings per share for the current year.
Several analysts have commented on the stock. BidaskClub upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded 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. Barclays PLC restated a “hold” rating and set a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, July 28th. Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $18.44.
In other Host Hotels & Resorts 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 transaction, the executive vice president now directly owns 43,035 shares in the company, valued at approximately $818,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.
Receive News & Ratings for Host Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
