Perpetual Ltd Grows Stake in Host Hotels and Resorts Inc (NYSE:HST)

Perpetual Ltd increased its stake in Host Hotels and Resorts Inc (NYSE:HST) by 125.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,507 shares of the real estate investment trust’s stock after acquiring an additional 49,300 shares during the period. Perpetual Ltd’s holdings in Host Hotels and Resorts were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its position in shares of Host Hotels and Resorts by 3,267.9% during the second quarter. Daiwa Securities Group Inc. now owns 5,406,381 shares of the real estate investment trust’s stock valued at $98,505,000 after buying an additional 5,245,854 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Host Hotels and Resorts by 196.9% during the first quarter. Centersquare Investment Management LLC now owns 4,361,473 shares of the real estate investment trust’s stock valued at $82,432,000 after buying an additional 2,892,569 shares during the period. Scout Investments Inc. boosted its position in shares of Host Hotels and Resorts by 152.6% during the first quarter. Scout Investments Inc. now owns 3,271,304 shares of the real estate investment trust’s stock valued at $61,828,000 after buying an additional 1,976,142 shares during the period. Carillon Tower Advisers Inc. boosted its position in shares of Host Hotels and Resorts by 147.0% during the first quarter. Carillon Tower Advisers Inc. now owns 2,206,034 shares of the real estate investment trust’s stock valued at $41,694,000 after buying an additional 1,313,050 shares during the period. Finally, Marshall Wace LLP purchased a new position in shares of Host Hotels and Resorts during the first quarter valued at approximately $20,593,000. Institutional investors own 97.59% of the company’s stock.

HST has been the subject of several recent analyst reports. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research report on Wednesday. ValuEngine downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. BTIG Research decreased their price target on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a research note on Thursday, June 27th. They noted that the move was a valuation call. Morgan Stanley set a $18.00 price target on shares of Host Hotels and Resorts and gave the company a “sell” rating in a research note on Friday, May 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $23.00 price target on shares of Host Hotels and Resorts in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.82.

In related news, Director Walter C. Rakowich sold 2,895 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the completion of the transaction, the director now owns 44,982 shares of the company’s stock, valued at $862,304.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Shares of Host Hotels and Resorts stock traded down $0.16 on Friday, hitting $16.64. 11,820,091 shares of the company traded hands, compared to its average volume of 5,859,086. The company has a 50 day moving average of $17.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.11 and a current ratio of 5.12. Host Hotels and Resorts Inc has a 52 week low of $15.94 and a 52 week high of $21.94. The stock has a market cap of $12.31 billion, a P/E ratio of 9.40, a PEG ratio of 1.87 and a beta of 1.13.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the firm posted $0.28 EPS. The business’s revenue was down 2.3% on a year-over-year basis. On average, analysts forecast that Host Hotels and Resorts Inc will post 1.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Thursday, June 27th. Host Hotels and Resorts’s dividend payout ratio is presently 45.20%.

Host Hotels and Resorts 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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