Host Hotels and Resorts Inc (HST) Stake Lowered by Convergence Investment Partners LLC

Convergence Investment Partners LLC lessened its position in Host Hotels and Resorts Inc (NYSE:HST) by 16.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,931 shares of the real estate investment trust’s stock after selling 29,364 shares during the period. Convergence Investment Partners LLC’s holdings in Host Hotels and Resorts were worth $2,772,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of HST. Principal Financial Group Inc. boosted its stake in shares of Host Hotels and Resorts by 96.6% in the 2nd quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock valued at $176,164,000 after purchasing an additional 4,738,572 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Host Hotels and Resorts by 3.7% in the 2nd quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock valued at $1,391,737,000 after purchasing an additional 2,707,618 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Host Hotels and Resorts by 12.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock valued at $358,876,000 after purchasing an additional 2,094,813 shares in the last quarter. LSV Asset Management boosted its stake in shares of Host Hotels and Resorts by 90.5% in the 2nd quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock valued at $52,095,000 after purchasing an additional 1,354,500 shares in the last quarter. Finally, Resolution Capital Ltd acquired a new stake in shares of Host Hotels and Resorts in the 3rd quarter valued at $24,072,000.

Shares of Host Hotels and Resorts Inc (HST) traded up $0.35 during mid-day trading on Tuesday, hitting $19.86. The stock had a trading volume of 5,336,100 shares, compared to its average volume of 7,266,313. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56. The company has a market cap of $14,439.12, a PE ratio of 11.68, a PEG ratio of 2.35 and a beta of 1.28. Host Hotels and Resorts Inc has a one year low of $17.26 and a one year high of $20.23.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period in the previous year, the firm earned $0.37 EPS. Host Hotels and Resorts’s quarterly revenue was down 3.2% compared to the same quarter last year. analysts anticipate that Host Hotels and Resorts Inc will post 1.66 EPS for the current year.

Several equities research analysts have recently commented on HST shares. BTIG Research upgraded shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Monday. Boenning Scattergood reaffirmed a “buy” rating and issued a $20.00 price target on shares of Host Hotels and Resorts in a report on Friday, September 22nd. BidaskClub cut Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research raised Host Hotels and Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Robert W. Baird set a $21.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.19.

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Host Hotels and 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.

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

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