Man Group plc Increases Stake in Host Hotels and Resorts Inc (NYSE:HST)

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Man Group plc grew its position in shares of Host Hotels and Resorts Inc (NYSE:HST) by 266.5% in the second quarter, Holdings Channel reports. The institutional investor owned 3,854,258 shares of the real estate investment trust’s stock after buying an additional 2,802,486 shares during the period. Man Group plc’s holdings in Host Hotels and Resorts were worth $70,224,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in HST. Manchester Financial Inc. purchased a new position in Host Hotels and Resorts during the 2nd quarter worth $27,000. FinTrust Capital Advisors LLC purchased a new position in Host Hotels and Resorts during the 2nd quarter worth $34,000. First Quadrant L P CA raised its position in Host Hotels and Resorts by 828.6% during the 2nd quarter. First Quadrant L P CA now owns 2,563 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,287 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Host Hotels and Resorts during the 1st quarter worth $54,000. Finally, Employers Holdings Inc. purchased a new position in Host Hotels and Resorts during the 2nd quarter worth $58,000. Institutional investors own 97.81% of the company’s stock.

A number of brokerages have commented on HST. Deutsche Bank restated a “buy” rating and set a $23.00 price objective on shares of Host Hotels and Resorts in a research report on Thursday, August 8th. Barclays set a $21.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. Capital One Financial initiated coverage on shares of Host Hotels and Resorts in a report on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price target for the company. Finally, Stifel Nicolaus set a $20.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.20.

Shares of HST traded down $0.03 during trading hours on Thursday, reaching $17.27. The company had a trading volume of 238,486 shares, compared to its average volume of 7,169,844. The firm has a 50 day simple moving average of $16.51 and a 200-day simple moving average of $18.20. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 1.98 and a beta of 1.14. Host Hotels and Resorts Inc has a 12-month low of $15.51 and a 12-month high of $21.53.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Sell-side analysts forecast that Host Hotels and Resorts Inc will post 1.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.63%. Host Hotels and Resorts’s dividend payout ratio is presently 45.20%.

Host Hotels and Resorts 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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