LGT Capital Partners LTD. trimmed its position in Host Hotels and Resorts Inc (NYSE:HST) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 308,540 shares of the real estate investment trust’s stock after selling 51,750 shares during the period. LGT Capital Partners LTD.’s holdings in Host Hotels and Resorts were worth $6,510,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. NuWave Investment Management LLC bought a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $169,000. Newman Dignan & Sheerar Inc. bought a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $202,000. Park Avenue Securities LLC acquired a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $214,000. Hexavest Inc. increased its position in shares of 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 valued at $269,000 after acquiring an additional 2,677 shares during the last quarter. Finally, Lourd Capital LLC acquired a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $274,000. Institutional investors own 99.44% of the company’s stock.
HST has been the topic of a number of recent research reports. Zacks Investment Research downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Monday. Robert W. Baird lifted their target price on Host Hotels and Resorts from $21.00 to $22.00 and gave the company 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 given a buy rating to the company. Host Hotels and Resorts presently has an average rating of “Hold” and a consensus target price 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 analysts’ consensus estimates of $0.51 by ($0.23). The business had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Host Hotels and Resorts had a return on equity of 9.27% and a net margin of 12.05%. As a group, research analysts anticipate that Host Hotels and Resorts Inc will post 1.75 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date 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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