Nomura Asset Management Co. Ltd. Sells 53,095 Shares of Host Hotels and Resorts Inc (HST)

Nomura Asset Management Co. Ltd. trimmed its stake in shares of Host Hotels and Resorts Inc (NYSE:HST) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,748 shares of the real estate investment trust’s stock after selling 53,095 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Host Hotels and Resorts worth $10,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Mckinley Capital Management LLC Delaware purchased a new stake in Host Hotels and Resorts during the second quarter valued at approximately $100,000. Amica Retiree Medical Trust bought a new position in shares of Host Hotels and Resorts in the third quarter worth approximately $154,000. Penserra Capital Management LLC bought a new position in shares of Host Hotels and Resorts in the third quarter worth approximately $177,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Host Hotels and Resorts in the second quarter worth approximately $190,000. Finally, Newman Dignan & Sheerar Inc. bought a new position in shares of Host Hotels and Resorts in the third quarter worth approximately $194,000.

In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the transaction, the executive vice president now owns 168,905 shares of the company’s stock, valued at approximately $3,454,107.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

A number of equities analysts have weighed in on the stock. BTIG Research upgraded shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, December 4th. Robert W. Baird set a $21.00 target price on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Friday, December 1st. Wolfe Research assumed coverage on shares of Host Hotels and Resorts in a research report on Wednesday, November 29th. They set a “market perform” rating for the company. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $21.00 price objective on shares of Host Hotels and Resorts in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Host Hotels and Resorts has an average rating of “Hold” and a consensus target price of $20.19.

Host Hotels and Resorts Inc (NYSE:HST) traded down $0.26 during mid-day trading on Friday, reaching $19.85. 2,950,000 shares of the company traded hands, compared to its average volume of 5,800,000. The stock has a market cap of $14,690.00, a P/E ratio of 24.51, a PEG ratio of 2.42 and a beta of 1.28. Host Hotels and Resorts Inc has a 52 week low of $17.26 and a 52 week high of $20.65. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.27 billion. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. The firm’s revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. analysts predict that Host Hotels and Resorts Inc will post 1.66 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Thursday, December 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 98.77%.

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Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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