Federated Investors Inc. PA increased its position in Host Hotels and Resorts Inc (NYSE:HST) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,542 shares of the real estate investment trust’s stock after purchasing an additional 2,570 shares during the quarter. Federated Investors Inc. PA’s holdings in Host Hotels and Resorts were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Lee Financial Co bought a new position in Host Hotels and Resorts during the 1st quarter valued at $120,000. NuWave Investment Management LLC bought a new position in Host Hotels and Resorts during the 2nd quarter valued at $169,000. Newman Dignan & Sheerar Inc. bought a new position in Host Hotels and Resorts during the 2nd quarter valued at $202,000. Park Avenue Securities LLC bought a new position in Host Hotels and Resorts during the 2nd quarter valued at $214,000. Finally, Lourd Capital LLC bought a new position in Host Hotels and Resorts during the 2nd quarter valued at $274,000. Institutional investors and hedge funds own 99.44% of the company’s stock.
Shares of NYSE:HST traded down $0.06 on Friday, reaching $19.18. 6,139,591 shares of the company’s stock were exchanged, compared to its average volume of 6,778,619. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Host Hotels and Resorts Inc has a fifty-two week low of $17.93 and a fifty-two week high of $22.47. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.33 and a current ratio of 3.33.
Host Hotels and Resorts (NYSE:HST) last issued its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts expect that Host Hotels and Resorts Inc will post 1.75 EPS for the current fiscal 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 issued a $0.20 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.17%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 47.34%.
A number of research analysts have commented on the stock. 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 on the stock in a research note on Tuesday, July 31st. Robert W. Baird increased their price objective on shares of Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.87.
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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.
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