Man Group plc Raises Stock Position in Host Hotels and Resorts Inc (NYSE:HST)

Man Group plc increased its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 266.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,854,258 shares of the real estate investment trust’s stock after purchasing an additional 2,802,486 shares during the period. Man Group plc owned approximately 0.53% of Host Hotels and Resorts worth $70,224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of HST. Manchester Financial Inc. purchased a new position in shares of Host Hotels and Resorts during the second quarter worth $27,000. FinTrust Capital Advisors LLC acquired a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $34,000. First Quadrant L P CA grew its position in shares of 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 purchasing an additional 2,287 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Host Hotels and Resorts in the first quarter valued at about $54,000. Finally, Employers Holdings Inc. acquired a new stake in shares of Host Hotels and Resorts in the second quarter valued at about $58,000. 97.81% of the stock is owned by hedge funds and other institutional investors.

HST traded down $0.03 on Thursday, reaching $17.27. 238,486 shares of the company’s stock were exchanged, compared to its average volume of 7,169,844. The stock has a market cap of $12.66 billion, a PE ratio of 9.76, a P/E/G ratio of 1.98 and a beta of 1.14. Host Hotels and Resorts Inc has a twelve month low of $15.51 and a twelve month high of $21.53. The stock’s fifty day moving average price is $16.51 and its 200-day moving average price is $18.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.12 and a quick ratio of 5.12.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). Host Hotels and Resorts had a return on equity of 14.65% and a net margin of 19.83%. The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. As a group, research analysts predict that Host Hotels and Resorts Inc will post 1.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Friday, September 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

Several analysts have recently issued reports on the stock. BTIG Research lowered shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research report on Thursday, August 15th. Deutsche Bank reiterated a “buy” rating and issued a $23.00 target price on shares of Host Hotels and Resorts in a research report on Thursday, August 8th. Barclays set a $21.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Monday, August 12th. ValuEngine lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. Finally, Stifel Nicolaus set a $20.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Wednesday, August 7th. 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.20.

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

See Also: Why does a company issue an IPO?

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.