Tredje AP fonden cut its position in Host Hotels and Resorts Inc (NYSE:HST) by 32.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 55,070 shares of the real estate investment trust’s stock after selling 26,190 shares during the quarter. Tredje AP fonden’s holdings in Host Hotels and Resorts were worth $1,038,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in HST. We Are One Seven LLC bought a new position in Host Hotels and Resorts in the fourth quarter worth about $112,000. Jacobi Capital Management LLC raised its holdings in Host Hotels and Resorts by 104.3% in the first quarter. Jacobi Capital Management LLC now owns 8,911 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 4,549 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in Host Hotels and Resorts in the fourth quarter worth about $188,000. IFP Advisors Inc raised its holdings in Host Hotels and Resorts by 695.1% in 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 in the last quarter. Finally, Koch Industries Inc. bought a new position in Host Hotels and Resorts in the fourth quarter worth about $209,000. Institutional investors and hedge funds own 98.68% of the company’s stock.
In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 33,220 shares of the company’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $20.75, for a total value of $689,315.00. Following the sale, the executive vice president now owns 247,729 shares in the company, valued at approximately $5,140,376.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Brian G. Macnamara sold 16,101 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $20.05, for a total value of $322,825.05. Following the completion of the sale, the senior vice president now owns 69,607 shares in the company, valued at approximately $1,395,620.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,312 shares of company stock worth $1,304,804. Insiders own 1.40% of the company’s stock.
Shares of Host Hotels and Resorts opened at $21.33 on Friday, MarketBeat Ratings reports. Host Hotels and Resorts Inc has a twelve month low of $17.26 and a twelve month high of $22.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $15.99 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 2.52 and a beta of 1.28.
Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.06). Host Hotels and Resorts had a return on equity of 9.29% and a net margin of 12.24%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the prior year, the company posted $0.44 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. analysts forecast that Host Hotels and Resorts Inc will post 1.71 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.75%. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.
Host Hotels and Resorts Company Profile
Host Hotels & Resorts, Inc is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 87 properties in the United States and six properties internationally totaling approximately 52,000 rooms.
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