Host Hotels and Resorts Inc (NYSE:HST) Stake Decreased by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec reduced its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,033 shares of the real estate investment trust’s stock after selling 12,700 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Host Hotels and Resorts were worth $2,698,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HST. Bank of Montreal Can bought a new stake in shares of Host Hotels and Resorts in the 2nd quarter worth approximately $97,905,000. JPMorgan Chase & Co. grew its position in shares of Host Hotels and Resorts by 359.3% in the 1st quarter. JPMorgan Chase & Co. now owns 4,682,939 shares of the real estate investment trust’s stock worth $87,290,000 after buying an additional 3,663,380 shares during the last quarter. Heitman Real Estate Securities LLC bought a new stake in shares of Host Hotels and Resorts in the 2nd quarter worth approximately $43,023,000. Zimmer Partners LP boosted its position in shares of Host Hotels and Resorts by 6,312.8% during the first quarter. Zimmer Partners LP now owns 1,904,600 shares of the real estate investment trust’s stock valued at $35,502,000 after purchasing an additional 1,874,900 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Host Hotels and Resorts by 74.4% during the first quarter. Millennium Management LLC now owns 4,370,483 shares of the real estate investment trust’s stock valued at $81,466,000 after purchasing an additional 1,864,552 shares in the last quarter. Hedge funds and other institutional investors own 99.44% of the company’s stock.

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Friday. Robert W. Baird lifted their price target 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. Citigroup lifted their price target on Host Hotels and Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. ValuEngine lowered Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Goldman Sachs Group lowered Host Hotels and Resorts from a “neutral” rating to a “sell” rating and set a $20.00 price target on the stock. in a research report on Sunday, June 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $21.87.

Shares of HST stock traded down $0.16 during mid-day trading on Friday, hitting $20.10. The company’s stock had a trading volume of 5,707,380 shares, compared to its average volume of 6,789,655. Host Hotels and Resorts Inc has a 52-week low of $17.93 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market capitalization of $15.65 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.41 and a beta of 1.23.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). Host Hotels and Resorts had a return on equity of 9.27% and a net margin of 12.05%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, analysts anticipate that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend is Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 47.34%.

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

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