Smith Graham & Co. Investment Advisors LP lowered its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 302,560 shares of the real estate investment trust’s stock after selling 11,990 shares during the period. Smith Graham & Co. Investment Advisors LP’s holdings in Host Hotels and Resorts were worth $6,384,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NuWave Investment Management LLC purchased a new stake in Host Hotels and Resorts in the 2nd quarter worth approximately $169,000. Newman Dignan & Sheerar Inc. bought a new position in shares of Host Hotels and Resorts in the 2nd quarter worth approximately $202,000. Park Avenue Securities LLC bought a new position in shares of Host Hotels and Resorts in the 2nd quarter worth approximately $214,000. Hexavest Inc. raised its position in shares of Host Hotels and Resorts by 26.6% in 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 in the last quarter. Finally, Lourd Capital LLC bought a new position in shares of Host Hotels and Resorts in the 2nd quarter worth approximately $274,000. Institutional investors and hedge funds own 99.78% of the company’s stock.
Several research analysts have recently issued reports on HST shares. Zacks Investment Research raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 target price 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 company an “outperform” rating in a research report on Thursday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.87.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.23). The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. Equities research analysts forecast that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Thursday, September 27th. Host Hotels and Resorts’s payout ratio is 47.34%.
Host Hotels and Resorts Company 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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.
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