Host Hotels and Resorts Inc (HST) Shares Bought by BlackRock Inc.

BlackRock Inc. increased its stake in Host Hotels and Resorts Inc (NYSE:HST) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,938,304 shares of the real estate investment trust’s stock after acquiring an additional 2,379,898 shares during the quarter. BlackRock Inc. owned 11.18% of Host Hotels and Resorts worth $1,749,999,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA increased its stake in shares of Host Hotels and Resorts by 2,290.9% in 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 acquiring an additional 6,300 shares in the last quarter. NuWave Investment Management LLC acquired a new stake in Host Hotels and Resorts in the 2nd quarter valued at $169,000. Park Avenue Securities LLC acquired a new stake in Host Hotels and Resorts in the 2nd quarter valued at $214,000. SRS Capital Advisors Inc. acquired a new stake in Host Hotels and Resorts in the 3rd quarter valued at $246,000. Finally, Hexavest Inc. grew its position in 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 purchasing an additional 2,677 shares during the period. Institutional investors own 98.93% of the company’s stock.

HST opened at $18.93 on Monday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.55. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 2.16 and a beta of 1.24. Host Hotels and Resorts Inc has a 1 year low of $17.93 and a 1 year high of $22.47.

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

Several analysts recently issued reports on HST shares. 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 research report on Tuesday, July 31st. Robert W. Baird lifted 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 research report on Thursday, August 9th. Deutsche Bank set a $23.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Saturday, November 3rd. Finally, Wells Fargo & Co set a $22.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Tuesday, November 13th. 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 stock. The company has a consensus rating of “Buy” and an average 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.

Read More: Return on Investment (ROI)

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

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