Flinton Capital Management LLC grew its stake in Host Hotels and Resorts Inc (NYSE:HST) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,360 shares of the real estate investment trust’s stock after acquiring an additional 68,496 shares during the quarter. Flinton Capital Management LLC’s holdings in Host Hotels and Resorts were worth $6,736,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Amica Retiree Medical Trust purchased a new stake in shares of Host Hotels and Resorts in the third quarter valued at $154,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Host Hotels and Resorts in the fourth quarter valued at $188,000. IFP Advisors Inc lifted its position in shares of 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 valued at $197,000 after acquiring an additional 8,668 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Host Hotels and Resorts in the fourth quarter valued at $209,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Host Hotels and Resorts in the fourth quarter valued at $216,000.
HST has been the topic of several recent research reports. Raymond James Financial upgraded Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research report on Monday, January 8th. Robert W. Baird set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Friday, December 1st. Royal Bank of Canada reiterated a “hold” rating and issued a $20.00 target price on shares of Host Hotels and Resorts in a research note on Tuesday, March 6th. Cantor Fitzgerald set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Friday, February 23rd. 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 note on Monday, December 4th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.71.
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, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.27. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.34 billion. Host Hotels and Resorts had a return on equity of 7.97% and a net margin of 10.47%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. equities analysts predict that Host Hotels and Resorts Inc will post 1.67 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.80 annualized dividend and a yield of 4.28%. Host Hotels and Resorts’s dividend payout ratio is presently 106.67%.
In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 60,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 168,905 shares in the company, valued at $3,454,107.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
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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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