Host Hotels and Resorts Inc (HST) Shares Sold by Pendal Group Ltd

Pendal Group Ltd lowered its stake in Host Hotels and Resorts Inc (NYSE:HST) by 17.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,521 shares of the real estate investment trust’s stock after selling 51,831 shares during the quarter. Pendal Group Ltd’s holdings in Host Hotels and Resorts were worth $5,033,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Allianz Asset Management GmbH lifted its holdings in Host Hotels and Resorts by 23.2% in the 1st quarter. Allianz Asset Management GmbH now owns 119,244 shares of the real estate investment trust’s stock valued at $2,223,000 after acquiring an additional 22,461 shares during the last quarter. DnB Asset Management AS acquired a new stake in Host Hotels and Resorts in the 2nd quarter valued at about $2,065,000. IFM Investors Pty Ltd lifted its holdings in Host Hotels and Resorts by 40.5% in the 2nd quarter. IFM Investors Pty Ltd now owns 36,114 shares of the real estate investment trust’s stock valued at $761,000 after acquiring an additional 10,406 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Host Hotels and Resorts by 8.7% in the 2nd quarter. Fulton Bank N.A. now owns 53,343 shares of the real estate investment trust’s stock valued at $1,124,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in Host Hotels and Resorts in the 2nd quarter valued at about $662,000. 99.36% of the stock is owned by institutional investors and hedge funds.

HST stock opened at $18.99 on Thursday. The company has a quick ratio of 3.33, a current ratio of 5.32 and a debt-to-equity ratio of 0.55. Host Hotels and Resorts Inc has a one year low of $17.93 and a one year high of $22.47. The stock has a market cap of $13.73 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 2.11 and a beta of 1.24.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts predict that Host Hotels and Resorts Inc will post 1.75 EPS 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 paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.

HST has been the subject of a number of research analyst reports. Deutsche Bank set a $23.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Saturday, November 3rd. Zacks Investment Research raised shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, October 5th. Finally, Robert W. Baird upped their price target on shares of Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.93.

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

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