Dupont Capital Management Corp lifted its stake in shares of Host Hotels and Resorts Inc (NYSE:HST) by 92.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,104 shares of the real estate investment trust’s stock after purchasing an additional 122,260 shares during the period. Dupont Capital Management Corp’s holdings in Host Hotels and Resorts were worth $5,362,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. NuWave Investment Management LLC bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $169,000. Park Avenue Securities LLC bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $214,000. Hexavest Inc. raised its stake in shares of Host Hotels and Resorts by 26.6% during the 3rd quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 2,677 shares in the last quarter. Lourd Capital LLC bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $274,000. Finally, Bank of The Ozarks bought a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $285,000. Institutional investors own 99.36% of the company’s stock.
HST opened at $18.90 on Friday. Host Hotels and Resorts Inc has a 1-year low of $17.93 and a 1-year high of $22.47. The company has a current ratio of 5.32, a quick ratio of 3.33 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $14.09 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Host Hotels and Resorts had a return on equity of 12.21% and a net margin of 15.91%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business earned $0.33 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities analysts expect that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio is 47.34%.
A number of equities research analysts have recently issued reports on HST shares. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, July 31st. Deutsche Bank set a $23.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Saturday, November 3rd. Finally, Robert W. Baird upped their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. Host Hotels and Resorts currently has an average rating of “Hold” and a consensus price target of $21.93.
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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.
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