Arvest Bank Trust Division cut its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 1.7% in the third quarter, HoldingsChannel.com reports. The fund owned 554,937 shares of the real estate investment trust’s stock after selling 9,633 shares during the quarter. Arvest Bank Trust Division’s holdings in Host Hotels and Resorts were worth $11,709,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in HST. NuWave Investment Management LLC acquired a new stake in Host Hotels and Resorts during the 2nd quarter worth about $169,000. Newman Dignan & Sheerar Inc. acquired a new stake in Host Hotels and Resorts during the 2nd quarter worth about $202,000. Park Avenue Securities LLC acquired a new stake in Host Hotels and Resorts during the 2nd quarter worth about $214,000. Hexavest Inc. boosted its position in Host Hotels and Resorts by 26.6% during the 3rd 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. Finally, Lourd Capital LLC acquired a new stake in Host Hotels and Resorts during the 2nd quarter worth about $274,000. Hedge funds and other institutional investors own 99.78% of the company’s stock.
A number of equities research analysts have commented on HST shares. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Friday, October 5th. Robert W. Baird raised their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $21.87.
Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. Equities analysts expect that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.22%. Host Hotels and Resorts’s dividend payout ratio is 47.34%.
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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