Pacer Advisors Inc. Acquires 7,517 Shares of Host Hotels and Resorts Inc (NYSE:HST)

Pacer Advisors Inc. raised its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,722 shares of the real estate investment trust’s stock after acquiring an additional 7,517 shares during the quarter. Pacer Advisors Inc.’s holdings in Host Hotels and Resorts were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of HST. World Asset Management Inc raised its position in shares of Host Hotels and Resorts by 1.4% during the 2nd quarter. World Asset Management Inc now owns 61,238 shares of the real estate investment trust’s stock valued at $1,116,000 after purchasing an additional 816 shares during the period. Wetherby Asset Management Inc. increased its holdings in Host Hotels and Resorts by 5.9% in the 2nd quarter. Wetherby Asset Management Inc. now owns 16,678 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 929 shares during the last quarter. Advisory Services Network LLC increased its holdings in Host Hotels and Resorts by 2.5% in the 2nd quarter. Advisory Services Network LLC now owns 42,953 shares of the real estate investment trust’s stock valued at $783,000 after acquiring an additional 1,034 shares during the last quarter. NEXT Financial Group Inc increased its holdings in Host Hotels and Resorts by 7.8% in the 2nd quarter. NEXT Financial Group Inc now owns 16,375 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 1,183 shares during the last quarter. Finally, FDx Advisors Inc. increased its holdings in Host Hotels and Resorts by 7.7% in the 2nd quarter. FDx Advisors Inc. now owns 17,169 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 1,225 shares during the last quarter. 97.56% of the stock is currently owned by institutional investors and hedge funds.

HST has been the topic of a number of research reports. Barclays set a $21.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Monday, August 12th. 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. Deutsche Bank reiterated a “buy” rating and issued a $23.00 price target on shares of Host Hotels and Resorts in a report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price target on shares of Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Friday, September 6th. Finally, ValuEngine upgraded shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.10.

Shares of NYSE:HST traded down $0.04 on Friday, reaching $16.38. The company’s stock had a trading volume of 85,954 shares, compared to its average volume of 7,199,948. Host Hotels and Resorts Inc has a 52-week low of $15.51 and a 52-week high of $20.34. The company has a market cap of $11.98 billion, a P/E ratio of 9.27, a PEG ratio of 1.86 and a beta of 1.14. The company has a 50-day simple moving average of $16.78 and a 200 day simple moving average of $17.85. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.12 and a current ratio of 5.12.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts forecast that Host Hotels and Resorts Inc will post 1.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.88%. Host Hotels and Resorts’s payout ratio is currently 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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