Wells Fargo & Company MN Sells 39,665 Shares of Host Hotels and Resorts Inc (NYSE:HST)

Wells Fargo & Company MN decreased its stake in Host Hotels and Resorts Inc (NYSE:HST) by 2.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,616,196 shares of the real estate investment trust’s stock after selling 39,665 shares during the quarter. Wells Fargo & Company MN’s holdings in Host Hotels and Resorts were worth $30,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of Host Hotels and Resorts by 2.1% in the fourth quarter. Advisor Group Inc. now owns 37,449 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 767 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Host Hotels and Resorts by 1.1% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 81,216 shares of the real estate investment trust’s stock worth $1,534,000 after buying an additional 887 shares during the last quarter. Investec Asset Management PTY Ltd boosted its stake in shares of Host Hotels and Resorts by 3.0% in the first quarter. Investec Asset Management PTY Ltd now owns 31,200 shares of the real estate investment trust’s stock worth $590,000 after buying an additional 900 shares during the last quarter. State Treasurer State of Michigan boosted its stake in shares of Host Hotels and Resorts by 0.4% in the first quarter. State Treasurer State of Michigan now owns 213,400 shares of the real estate investment trust’s stock worth $4,033,000 after buying an additional 900 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Host Hotels and Resorts by 6.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,835 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 981 shares during the last quarter. Hedge funds and other institutional investors own 97.21% of the company’s stock.

A number of equities analysts have issued reports on HST shares. Deutsche Bank reiterated a “buy” rating and set a $22.00 price target on shares of Host Hotels and Resorts in a research report on Sunday, February 24th. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, March 19th. Barclays reiterated a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Wolfe Research downgraded Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target on the stock. in a research report on Tuesday, March 12th. Finally, Morgan Stanley set a $18.00 price target on Host Hotels and Resorts and gave the stock a “sell” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Host Hotels and Resorts has an average rating of “Hold” and an average price target of $20.71.

In other news, Director Walter C. Rakowich sold 2,895 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $19.17, for a total value of $55,497.15. Following the transaction, the director now owns 44,982 shares in the company, valued at $862,304.94. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Nathan S. Tyrrell sold 1,685 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $19.73, for a total value of $33,245.05. Following the completion of the transaction, the vice president now owns 162,713 shares in the company, valued at approximately $3,210,327.49. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Shares of HST stock opened at $18.31 on Friday. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.51. Host Hotels and Resorts Inc has a 12-month low of $15.94 and a 12-month high of $22.06.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. Host Hotels and Resorts’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, research analysts predict that Host Hotels and Resorts Inc will post 1.81 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.37%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 45.20%.

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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 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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