Natixis Advisors L.P. lowered its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 397,297 shares of the real estate investment trust’s stock after selling 13,587 shares during the quarter. Natixis Advisors L.P.’s holdings in Host Hotels and Resorts were worth $7,239,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Manchester Financial Inc. acquired a new stake in shares of Host Hotels and Resorts in the 2nd quarter valued at $27,000. FinTrust Capital Advisors LLC bought a new position in Host Hotels and Resorts during the 2nd quarter valued at about $34,000. First Quadrant L P CA boosted its position in Host Hotels and Resorts by 828.6% in the second quarter. First Quadrant L P CA now owns 2,563 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 2,287 shares in the last quarter. Penserra Capital Management LLC acquired a new position in Host Hotels and Resorts in the first quarter valued at about $54,000. Finally, Employers Holdings Inc. bought a new stake in Host Hotels and Resorts during the second quarter worth about $58,000. 97.89% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE HST remained flat at $$17.43 during trading on Wednesday. 217,682 shares of the company’s stock were exchanged, compared to its average volume of 6,946,309. Host Hotels and Resorts Inc has a one year low of $15.51 and a one year high of $21.62. The business’s 50 day moving average is $16.56 and its 200 day moving average is $18.29. The stock has a market cap of $12.63 billion, a PE ratio of 9.85, a PEG ratio of 1.95 and a beta of 1.14. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52.
Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. Host Hotels and Resorts’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, equities analysts expect that Host Hotels and Resorts Inc will post 1.76 EPS for the current year.
Several research firms have recently weighed in on HST. JPMorgan Chase & Co. dropped their price objective on shares of Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, September 6th. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. ValuEngine lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. BTIG Research cut Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $23.00 price objective on shares of Host Hotels and Resorts in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Host Hotels and Resorts has a consensus rating of “Hold” and a consensus price target of $20.20.
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.
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