Host Hotels and Resorts Inc (HST) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. lessened its stake in Host Hotels and Resorts Inc (NYSE:HST) by 32.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,697 shares of the real estate investment trust’s stock after selling 59,800 shares during the quarter. Baird Financial Group Inc.’s holdings in Host Hotels and Resorts were worth $2,585,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund acquired a new position in shares of Host Hotels and Resorts in the 2nd quarter valued at $22,063,000. Renaissance Technologies LLC boosted its holdings in shares of Host Hotels and Resorts by 29.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,327,965 shares of the real estate investment trust’s stock valued at $49,050,000 after purchasing an additional 534,500 shares during the last quarter. Bridgewater Associates LP acquired a new position in shares of Host Hotels and Resorts in the 2nd quarter valued at $1,180,000. Heitman Real Estate Securities LLC acquired a new position in shares of Host Hotels and Resorts in the 2nd quarter valued at $43,023,000. Finally, Employees Retirement System of Texas boosted its holdings in shares of Host Hotels and Resorts by 14.3% in the 2nd quarter. Employees Retirement System of Texas now owns 248,300 shares of the real estate investment trust’s stock valued at $5,232,000 after purchasing an additional 31,000 shares during the last quarter. Institutional investors own 99.42% of the company’s stock.

NYSE:HST opened at $21.57 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.59. The firm has a market cap of $15.83 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.24. Host Hotels and Resorts Inc has a twelve month low of $17.93 and a twelve month high of $22.47.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. sell-side analysts forecast that Host Hotels and Resorts Inc will post 1.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.71%. Host Hotels and Resorts’s dividend payout ratio is currently 47.34%.

HST has been the topic of a number of research analyst reports. Goldman Sachs Group lowered shares of Host Hotels and Resorts from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a report on Sunday, June 10th. Zacks Investment Research lowered shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Barclays lifted their price target on shares of Host Hotels and Resorts from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Friday, June 1st. Jefferies Financial Group initiated coverage on shares of Host Hotels and Resorts in a report on Thursday, May 31st. They set a “hold” rating and a $22.00 target price on the stock. Finally, Citigroup lifted their target price on shares of Host Hotels and Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. Host Hotels and Resorts has a consensus rating of “Buy” and a consensus price target of $21.87.

Host Hotels and Resorts Profile

Host Hotels & Resorts, Inc is an S&P 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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

See Also: Dividend

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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