Kentucky Retirement Systems purchased a new position in Host Hotels and Resorts Inc (NYSE:HST) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 53,688 shares of the real estate investment trust’s stock, valued at approximately $1,011,000.
A number of other institutional investors have also added to or reduced their stakes in HST. Creative Planning boosted its position in Host Hotels and Resorts by 16.9% in the third quarter. Creative Planning now owns 7,775 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 1,124 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Host Hotels and Resorts during the fourth quarter worth $132,000. Two Sigma Securities LLC acquired a new position in Host Hotels and Resorts during the third quarter worth $158,000. Crow Point Partners LLC acquired a new position in Host Hotels and Resorts during the third quarter worth $174,000. Finally, Motco acquired a new position in Host Hotels and Resorts during the third quarter worth $176,000.
Host Hotels and Resorts Inc (NYSE:HST) traded down 0.026% on Thursday, hitting $18.995. The stock had a trading volume of 6,930,263 shares. The company’s 50-day moving average price is $18.30 and its 200 day moving average price is $17.65. The firm has a market cap of $14.04 billion, a price-to-earnings ratio of 18.623 and a beta of 1.30. Host Hotels and Resorts Inc has a one year low of $14.30 and a one year high of $20.21.
Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Host Hotels and Resorts had a net margin of 14.72% and a return on equity of 11.22%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business posted $0.39 EPS. Host Hotels and Resorts’s revenue was up .8% compared to the same quarter last year. Analysts expect that Host Hotels and Resorts Inc will post $0.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.80 dividend on an annualized basis and a yield of 4.21%. Host Hotels and Resorts’s payout ratio is presently 74.77%.
A number of equities analysts have commented on HST shares. Goldman Sachs Group Inc cut Host Hotels and Resorts from a “neutral” rating to a “sell” rating and increased their target price for the company from $15.00 to $16.00 in a report on Thursday, January 19th. Zacks Investment Research cut Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, December 21st. Barclays PLC set a $19.00 target price on Host Hotels and Resorts and gave the company a “hold” rating in a report on Tuesday, February 14th. Canaccord Genuity reissued a “hold” rating and set a $20.00 target price on shares of Host Hotels and Resorts in a report on Wednesday, January 4th. Finally, Evercore ISI cut Host Hotels and Resorts from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.02.
In other Host Hotels and Resorts news, EVP Minaz Abji sold 110,085 shares of the firm’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $18.43, for a total value of $2,028,866.55. Following the sale, the executive vice president now directly owns 231,873 shares in the company, valued at approximately $4,273,419.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory J. Larson sold 23,000 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $18.40, for a total transaction of $423,200.00. Following the completion of the sale, the chief financial officer now owns 157,163 shares in the company, valued at $2,891,799.20. The disclosure for this sale can be found here. Insiders sold a total of 221,164 shares of company stock worth $4,051,776 over the last quarter. 1.90% of the stock is currently owned by company insiders.
About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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