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.
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.
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