Rafferty Asset Management LLC Sells 20,353 Shares of Host Hotels and Resorts Inc (HST)

Rafferty Asset Management LLC cut its stake in Host Hotels and Resorts Inc (NYSE:HST) by 9.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 200,468 shares of the real estate investment trust’s stock after selling 20,353 shares during the quarter. Rafferty Asset Management LLC’s holdings in Host Hotels and Resorts were worth $4,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of HST. Bank of Montreal Can increased its stake in shares of Host Hotels and Resorts by 74.0% in the 3rd quarter. Bank of Montreal Can now owns 8,085,011 shares of the real estate investment trust’s stock worth $170,594,000 after acquiring an additional 3,438,306 shares during the last quarter. BlackRock Inc. increased its stake in shares of Host Hotels and Resorts by 3.0% in the 3rd quarter. BlackRock Inc. now owns 82,938,304 shares of the real estate investment trust’s stock worth $1,749,999,000 after acquiring an additional 2,379,898 shares during the last quarter. Heitman Real Estate Securities LLC acquired a new stake in shares of Host Hotels and Resorts during the 2nd quarter worth about $43,023,000. Glenmede Trust Co. NA increased its position in shares of Host Hotels and Resorts by 761.1% during the 2nd quarter. Glenmede Trust Co. NA now owns 2,146,084 shares of the real estate investment trust’s stock worth $45,218,000 after purchasing an additional 1,896,862 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Host Hotels and Resorts by 41.3% during the 2nd quarter. LSV Asset Management now owns 6,047,906 shares of the real estate investment trust’s stock worth $127,429,000 after purchasing an additional 1,769,229 shares during the last quarter. 98.93% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the company. Wells Fargo & Co set a $22.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Zacks Investment Research reissued a “hold” rating on shares of Host Hotels and Resorts in a research report on Tuesday, November 13th. Deutsche Bank set a $23.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Saturday, November 3rd. Finally, Robert W. Baird raised their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.93.

Shares of NYSE:HST opened at $18.93 on Friday. 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 stock has a market cap of $14.05 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Host Hotels and Resorts Inc has a 12-month low of $17.93 and a 12-month high of $22.47.

Host Hotels and Resorts (NYSE:HST) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels and Resorts had a return on equity of 12.21% and a net margin of 15.91%. Host Hotels and Resorts’s revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. On average, sell-side analysts forecast that Host Hotels and Resorts Inc will post 1.75 EPS for the current year.

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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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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