Fmr LLC cut its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,952,992 shares of the real estate investment trust’s stock after selling 727,048 shares during the period. Fmr LLC owned 2.69% of Host Hotels and Resorts worth $421,009,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA lifted its position in Host Hotels and Resorts by 2,290.9% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,575 shares of the real estate investment trust’s stock valued at $139,000 after purchasing an additional 6,300 shares during the period. NuWave Investment Management LLC bought a new stake in shares of Host Hotels and Resorts in the 2nd quarter valued at about $169,000. SRS Capital Advisors Inc. bought a new stake in shares of Host Hotels and Resorts in the 3rd quarter valued at about $246,000. Hexavest Inc. increased its stake in shares of Host Hotels and Resorts by 26.6% in the 3rd quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 2,677 shares during the last quarter. Finally, Bank of The Ozarks bought a new stake in shares of Host Hotels and Resorts in the 2nd quarter valued at about $285,000. Institutional investors own 98.93% of the company’s stock.
NYSE HST opened at $19.30 on Friday. Host Hotels and Resorts Inc has a 52-week low of $17.93 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.32 and a quick ratio of 5.32. The company has a market cap of $14.26 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24.
Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $0.33 EPS. Host Hotels and Resorts’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.
HST has been the subject of a number of recent analyst reports. Zacks Investment Research cut Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. Deutsche Bank set a $23.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Saturday, November 3rd. Robert W. Baird upped their price target on Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Finally, Wells Fargo & Co set a $22.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Tuesday, November 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.93.
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About Host Hotels and Resorts
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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.
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