Achmea Investment Management B.V. cut its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 11.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,400 shares of the real estate investment trust’s stock after selling 30,592 shares during the quarter. Achmea Investment Management B.V.’s holdings in Host Hotels and Resorts were worth $4,943,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Bridgewater Associates LP acquired a new position in Host Hotels and Resorts during the second quarter worth about $1,180,000. Piedmont Investment Advisors LLC boosted its position in Host Hotels and Resorts by 15.5% during the second quarter. Piedmont Investment Advisors LLC now owns 425,075 shares of the real estate investment trust’s stock worth $8,956,000 after acquiring an additional 57,061 shares during the last quarter. Worldquant Millennium Quantitative Strategies LLC acquired a new position in Host Hotels and Resorts in the 2nd quarter valued at about $2,011,000. WINTON GROUP Ltd boosted its holdings in Host Hotels and Resorts by 2,079.6% in the 2nd quarter. WINTON GROUP Ltd now owns 538,010 shares of the real estate investment trust’s stock valued at $11,336,000 after purchasing an additional 513,326 shares during the last quarter. Finally, Scopus Asset Management L.P. acquired a new position in Host Hotels and Resorts in the 2nd quarter valued at about $6,848,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.
Several equities analysts have weighed in on HST shares. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, July 31st. Deutsche Bank set a $23.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Saturday, November 3rd. Finally, Robert W. Baird boosted their target price 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 analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.93.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Equities analysts expect that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.23%. Host Hotels and Resorts’s dividend payout ratio is currently 47.34%.
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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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