Kendall Capital Management reduced its position in Host Hotels and Resorts Inc (NYSE:HST) by 7.2% in the third quarter, Holdings Channel reports. The institutional investor owned 45,150 shares of the real estate investment trust’s stock after selling 3,500 shares during the period. Kendall Capital Management’s holdings in Host Hotels and Resorts were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in HST. NuWave Investment Management LLC purchased a new stake in Host Hotels and Resorts in the second quarter worth $169,000. Newman Dignan & Sheerar Inc. purchased a new stake in Host Hotels and Resorts in the second quarter worth $202,000. Park Avenue Securities LLC purchased a new stake in Host Hotels and Resorts in the second quarter worth $214,000. Hexavest Inc. increased its position in 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 buying an additional 2,677 shares during the last quarter. Finally, Lourd Capital LLC purchased a new stake in Host Hotels and Resorts in the second quarter worth $274,000. 99.78% of the stock is owned by institutional investors and hedge funds.
A number of analysts have 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 target price 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 research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. Host Hotels and Resorts presently has an average rating of “Hold” and a consensus price target 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. On average, sell-side analysts predict that Host Hotels and Resorts Inc will post 1.75 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 47.34%.
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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.
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