New Mexico Educational Retirement Board reduced its position in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,578 shares of the real estate investment trust’s stock after selling 6,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Host Hotels & Resorts were worth $3,182,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 during the period. Ameriprise Financial Inc. boosted 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 worth $101,805,000 after buying an additional 3,595,166 shares during the period. Vanguard Group Inc. boosted 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 worth $2,430,872,000 after buying an additional 2,703,678 shares during the period. Daiwa Securities Group Inc. boosted 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 worth $411,522,000 after buying an additional 2,149,679 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in Host Hotels & Resorts during the first quarter valued at $36,899,000.
Shares of Host Hotels & Resorts, Inc. (NYSE HST) traded down 2.73% during midday trading on Friday, hitting $17.43. The stock had a trading volume of 8,393,075 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 $12.90 billion, a PE ratio of 21.57 and a beta of 1.33. The company’s 50 day moving average is $18.27 and its 200 day moving average is $18.29.
Host Hotels & Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The business had revenue of $1.44 billion during 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 company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 earnings per share. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post $0.79 earnings per share for the current year.
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Several analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. Boenning Scattergood reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Tuesday, July 4th. Finally, Barclays PLC reissued a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.44.
In related news, EVP Joanne G. Hamilton sold 3,069 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 43,035 shares in the company, valued at $818,095.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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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