American Investment Services Inc. decreased its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 5.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,953 shares of the real estate investment trust’s stock after selling 910 shares during the period. American Investment Services Inc.’s holdings in Host Hotels and Resorts were worth $302,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Doyle Wealth Management acquired a new position in shares of Host Hotels and Resorts during the fourth quarter valued at $33,000. Liberty Wealth Management LLC acquired a new position in shares of Host Hotels and Resorts during the first quarter valued at $34,000. Private Capital Group LLC boosted its holdings in shares of Host Hotels and Resorts by 44.7% during the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 703 shares during the period. Pearl River Capital LLC acquired a new position in shares of Host Hotels and Resorts during the fourth quarter valued at $39,000. Finally, Exane Asset Management acquired a new position in shares of Host Hotels and Resorts during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 97.56% of the company’s stock.
HST has been the subject of several analyst reports. Zacks Investment Research raised shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Tuesday, March 19th. Barclays reissued a “buy” rating on shares of Host Hotels and Resorts in a report on Sunday, May 5th. Deutsche Bank reissued a “buy” rating and set a $22.00 price target on shares of Host Hotels and Resorts in a report on Sunday, February 24th. Morgan Stanley set a $18.00 price target on shares of Host Hotels and Resorts and gave the company a “sell” rating in a report on Friday, May 3rd. Finally, Wolfe Research downgraded shares of Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target for the company. in a report on Tuesday, March 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. Host Hotels and Resorts currently has a consensus rating of “Hold” and a consensus price target of $20.97.
HST stock opened at $18.83 on Tuesday. The stock has a market capitalization of $13.95 billion, a P/E ratio of 10.64, a P/E/G ratio of 2.10 and a beta of 1.20. Host Hotels and Resorts Inc has a fifty-two week low of $15.94 and a fifty-two week high of $22.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.11 and a quick ratio of 5.51.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, analysts anticipate that Host Hotels and Resorts Inc will post 1.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Thursday, March 28th. Host Hotels and Resorts’s payout ratio is currently 45.20%.
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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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