Rampart Investment Management Company LLC Sells 48,648 Shares of Host Hotels and Resorts Inc (HST)

Rampart Investment Management Company LLC cut its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 66.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,186 shares of the real estate investment trust’s stock after selling 48,648 shares during the period. Rampart Investment Management Company LLC’s holdings in Host Hotels and Resorts were worth $173,927,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. San Francisco Sentry Investment Group CA boosted its holdings in Host Hotels and Resorts by 2,290.9% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,575 shares of the real estate investment trust’s stock worth $139,000 after purchasing an additional 6,300 shares in the last quarter. Blair William & Co. IL bought a new stake in Host Hotels and Resorts in the third quarter worth $209,000. SRS Capital Advisors Inc. bought a new stake in Host Hotels and Resorts in the third quarter worth $246,000. Hexavest Inc. boosted its holdings in 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 worth $269,000 after purchasing an additional 2,677 shares in the last quarter. Finally, Cadence Bank NA boosted its holdings in Host Hotels and Resorts by 60.1% in the third quarter. Cadence Bank NA now owns 15,382 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 5,772 shares in the last quarter. Hedge funds and other institutional investors own 97.73% of the company’s stock.

HST stock opened at $17.78 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.32 and a quick ratio of 5.32. Host Hotels and Resorts Inc has a 52-week low of $17.64 and a 52-week high of $22.47. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 2.03 and a beta of 1.25.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.08. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that Host Hotels and Resorts Inc will post 1.75 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.50%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 47.34%.

HST has been the subject of a number of recent research reports. Wells Fargo & Co set a $22.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a report on Tuesday, November 13th. Deutsche Bank set a $23.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a report on Saturday, November 3rd. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Friday, October 5th. Finally, Citigroup cut shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $19.50 in a report on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.61.

TRADEMARK VIOLATION NOTICE: “Rampart Investment Management Company LLC Sells 48,648 Shares of Host Hotels and Resorts Inc (HST)” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2018/12/16/rampart-investment-management-company-llc-sells-48648-shares-of-host-hotels-and-resorts-inc-hst.html.

About Host Hotels and Resorts

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.

Read More: Should I follow buy, hold and sell recommendations?

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels and Resorts Inc (NYSE:HST).

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

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

Leave a Reply