Meadow Creek Investment Management LLC Raises Stock Holdings in Host Hotels and Resorts Inc (NYSE:HST)

Meadow Creek Investment Management LLC raised its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 61.5% in the second quarter, Holdings Channel.com reports. The firm owned 308,198 shares of the real estate investment trust’s stock after buying an additional 117,392 shares during the period. Meadow Creek Investment Management LLC’s holdings in Host Hotels and Resorts were worth $5,615,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Manchester Financial Inc. acquired a new stake in shares of Host Hotels and Resorts during the second quarter worth approximately $27,000. FinTrust Capital Advisors LLC bought a new position in Host Hotels and Resorts during the 2nd quarter valued at $34,000. First Quadrant L P CA grew its holdings in Host Hotels and Resorts by 828.6% during the 2nd quarter. First Quadrant L P CA now owns 2,563 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 2,287 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Host Hotels and Resorts during the 1st quarter worth $54,000. Finally, Employers Holdings Inc. bought a new stake in shares of Host Hotels and Resorts in the 2nd quarter worth about $58,000. Institutional investors own 97.89% of the company’s stock.

Shares of NYSE HST traded down $0.01 during midday trading on Wednesday, hitting $17.42. The company’s stock had a trading volume of 224,149 shares, compared to its average volume of 6,946,309. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.12 and a current ratio of 5.12. Host Hotels and Resorts Inc has a 1-year low of $15.51 and a 1-year high of $21.62. The firm’s fifty day moving average price is $16.56 and its 200-day moving average price is $18.29. The firm has a market cap of $12.63 billion, a P/E ratio of 9.85, a P/E/G ratio of 1.95 and a beta of 1.14.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company earned $0.28 EPS. Host Hotels and Resorts’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Host Hotels and Resorts Inc will post 1.76 earnings per share for the current fiscal year.

HST has been the topic of a number of recent analyst reports. BTIG Research lowered shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. ValuEngine downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lowered their price objective on Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, September 6th. Capital One Financial assumed coverage on Host Hotels and Resorts in a research note on Tuesday, June 25th. They set an “overweight” rating and a $23.00 price objective on the stock. Finally, Barclays set a $21.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Monday, August 12th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.20.

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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