Barings LLC trimmed its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 35.0% in the 4th quarter, Holdings Channel reports. The firm owned 31,970 shares of the real estate investment trust’s stock after selling 17,200 shares during the quarter. Barings LLC’s holdings in Host Hotels and Resorts were worth $635,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new stake in shares of Host Hotels and Resorts during the third quarter worth $154,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Host Hotels and Resorts during the fourth quarter worth $188,000. Penserra Capital Management LLC bought a new stake in shares of Host Hotels and Resorts during the third quarter worth $177,000. IFP Advisors Inc lifted its position in shares of Host Hotels and Resorts by 695.1% during the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 8,668 shares during the last quarter. Finally, Greenwood Capital Associates LLC bought a new stake in shares of Host Hotels and Resorts during the fourth quarter worth $219,000.
In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the transaction, the executive vice president now owns 168,905 shares in the company, valued at $3,454,107.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.
Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.42 EPS for the quarter, beating the consensus estimate of $0.15 by $0.27. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.34 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 earnings per share. analysts forecast that Host Hotels and Resorts Inc will post 1.66 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.19%. Host Hotels and Resorts’s dividend payout ratio is currently 98.77%.
Several analysts have recently weighed in on HST shares. Deutsche Bank set a $23.00 target price on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Friday, February 9th. Cantor Fitzgerald reiterated a “buy” rating and set a $21.00 target price on shares of Host Hotels and Resorts in a research report on Monday, November 6th. Stifel Nicolaus reiterated a “buy” rating and set a $20.50 target price on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Boenning Scattergood reiterated a “buy” rating and set a $20.00 target price on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Finally, BTIG Research upgraded Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. Host Hotels and Resorts currently has an average rating of “Hold” and a consensus target price of $20.63.
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About Host Hotels and 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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