State Treasurer State of Michigan Buys 300 Shares of Host Hotels & Resorts, Inc. (HST)

State Treasurer State of Michigan boosted its stake in Host Hotels & Resorts, Inc. (NYSE:HST) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,100 shares of the real estate investment trust’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in Host Hotels & Resorts were worth $4,441,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Muzinich & Co. Inc. purchased a new position in Host Hotels & Resorts during the first quarter valued at about $127,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $132,000. Creative Planning increased its stake in shares of Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 136 shares during the period. Global X Management Co. LLC increased its stake in shares of Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 2,556 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $194,000.

Host Hotels & Resorts, Inc. (HST) opened at 17.85 on Friday. The firm’s 50-day moving average is $18.39 and its 200-day moving average is $18.31. The stock has a market capitalization of $13.21 billion, a P/E ratio of 22.09 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21.

Host Hotels & Resorts (NYSE:HST) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts predict that Host Hotels & Resorts, Inc. will post $0.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.48%. Host Hotels & Resorts’s dividend payout ratio is currently 100.00%.

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Several brokerages have recently commented on HST. Boenning Scattergood reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. BidaskClub downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.44.

In other news, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the sale, the executive vice president now directly owns 43,035 shares of the company’s stock, valued at $818,095.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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