Sandy Spring Bank Reduces Position in Host Hotels and Resorts Inc (NYSE:HST)

Sandy Spring Bank lessened its stake in shares of Host Hotels and Resorts Inc (NYSE:HST) by 86.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,878 shares of the real estate investment trust’s stock after selling 30,000 shares during the quarter. Sandy Spring Bank’s holdings in Host Hotels and Resorts were worth $85,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HST. Nuveen Asset Management LLC boosted its stake in shares of Host Hotels and Resorts by 175.2% during the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock valued at $213,137,000 after purchasing an additional 7,446,548 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Host Hotels and Resorts by 3,267.9% during the second quarter. Daiwa Securities Group Inc. now owns 5,406,381 shares of the real estate investment trust’s stock valued at $98,505,000 after acquiring an additional 5,245,854 shares in the last quarter. Cohen & Steers Inc. raised its holdings in shares of Host Hotels and Resorts by 187.4% during the second quarter. Cohen & Steers Inc. now owns 7,991,480 shares of the real estate investment trust’s stock valued at $145,605,000 after acquiring an additional 5,210,573 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Host Hotels and Resorts by 60.2% during the second quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after acquiring an additional 3,850,979 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in shares of Host Hotels and Resorts by 1,546.8% during the second quarter. Schroder Investment Management Group now owns 3,230,106 shares of the real estate investment trust’s stock valued at $58,852,000 after acquiring an additional 3,033,957 shares in the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

HST opened at $16.88 on Friday. The stock has a fifty day simple moving average of $16.80 and a two-hundred day simple moving average of $17.60. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. Host Hotels and Resorts Inc has a 12-month low of $15.51 and a 12-month high of $20.34.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.50 billion. Host Hotels and Resorts had a return on equity of 15.20% and a net margin of 20.80%. Host Hotels and Resorts’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. On average, analysts predict that Host Hotels and Resorts Inc will post 1.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 dividend on an annualized basis and a yield of 4.74%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 45.20%.

HST has been the subject of a number of recent analyst reports. ValuEngine downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Friday. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on 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. BMO Capital Markets initiated coverage on Host Hotels and Resorts in a report on Wednesday, October 16th. They set an “outperform” rating and a $19.00 target price for the company. Finally, BTIG Research downgraded Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $19.85.

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.

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

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