Montecito Bank & Trust Has $480,000 Stake in Host Hotels and Resorts Inc (HST)

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Montecito Bank & Trust lifted its stake in Host Hotels and Resorts Inc (NYSE:HST) by 37.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,779 shares of the real estate investment trust’s stock after acquiring an additional 6,246 shares during the period. Montecito Bank & Trust’s holdings in Host Hotels and Resorts were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Hexavest Inc. boosted its holdings in shares of Host Hotels and Resorts by 26.6% in the third quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock worth $269,000 after acquiring an additional 2,677 shares during the period. DNB Asset Management AS boosted its holdings in shares of Host Hotels and Resorts by 4.7% in the third quarter. DNB Asset Management AS now owns 102,596 shares of the real estate investment trust’s stock worth $2,165,000 after acquiring an additional 4,600 shares during the period. Farmers Trust Co. boosted its holdings in shares of Host Hotels and Resorts by 2.8% in the third quarter. Farmers Trust Co. now owns 253,481 shares of the real estate investment trust’s stock worth $5,348,000 after acquiring an additional 6,967 shares during the period. Atria Investments LLC boosted its holdings in shares of Host Hotels and Resorts by 2.2% in the third quarter. Atria Investments LLC now owns 121,340 shares of the real estate investment trust’s stock worth $2,560,000 after acquiring an additional 2,601 shares during the period. Finally, Old Port Advisors bought a new position in shares of Host Hotels and Resorts in the second quarter worth $385,000. 99.44% of the stock is owned by hedge funds and other institutional investors.

Shares of HST stock opened at $19.18 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.59. Host Hotels and Resorts Inc has a 52-week low of $17.93 and a 52-week high of $22.47. The firm has a market capitalization of $15.65 billion, a P/E ratio of 11.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.23). Host Hotels and Resorts had a return on equity of 9.27% and a net margin of 12.05%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. On average, analysts predict that Host Hotels and Resorts Inc will post 1.75 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.17%. Host Hotels and Resorts’s payout ratio is 47.34%.

A number of equities analysts have recently commented on HST shares. Zacks Investment Research lowered Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 3rd. Robert W. Baird raised their price target on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.87.

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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

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

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