Host Hotels & Resorts, Inc. (HST) Holdings Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,719,240 shares of the real estate investment trust’s stock after selling 44,003 shares during the quarter. Alliancebernstein L.P. owned 0.23% of Host Hotels & Resorts worth $31,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HST. BlackRock Inc. grew its stake in Host Hotels & Resorts by 2,288.8% during the 1st quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock valued at $1,370,925,000 after purchasing an additional 70,393,061 shares in the last quarter. Principal Financial Group Inc. grew its stake in Host Hotels & Resorts by 96.6% during the 2nd quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock valued at $176,164,000 after purchasing an additional 4,738,572 shares in the last quarter. Vanguard Group Inc. grew its stake in Host Hotels & Resorts by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock valued at $2,430,872,000 after purchasing an additional 2,703,678 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Host Hotels & Resorts during the 1st quarter valued at approximately $36,899,000. Finally, Point72 Asset Management L.P. acquired a new stake in Host Hotels & Resorts during the 1st quarter valued at approximately $34,399,000.

A number of brokerages have weighed in on HST. BidaskClub upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, June 21st. Zacks Investment Research upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday, July 4th. Barclays PLC restated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Finally, Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, September 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.33.

TRADEMARK VIOLATION WARNING: This article was originally published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.chaffeybreeze.com/2017/09/19/host-hotels-resorts-inc-hst-holdings-trimmed-by-alliancebernstein-l-p.html.

Host Hotels & Resorts, Inc. (HST) opened at 18.31 on Tuesday. The firm has a market cap of $13.55 billion, a price-to-earnings ratio of 22.66 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 52-week low of $14.69 and a 52-week high of $20.21. The company’s 50-day moving average price is $18.07 and its 200-day moving average price is $18.25.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts predict that Host Hotels & Resorts, Inc. will post $0.78 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Host Hotels & Resorts’s dividend payout ratio is currently 100.00%.

About Host Hotels & 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.

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

Receive News & Ratings for Host Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply