Gateway Investment Advisers LLC Has $508,000 Stake in Host Hotels and Resorts Inc (NYSE:HST)

Gateway Investment Advisers LLC lowered its position in Host Hotels and Resorts Inc (NYSE:HST) by 4.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,880 shares of the real estate investment trust’s stock after selling 1,335 shares during the period. Gateway Investment Advisers LLC’s holdings in Host Hotels and Resorts were worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Liberty Wealth Management LLC acquired a new position in shares of Host Hotels and Resorts during the 1st quarter valued at $34,000. Penserra Capital Management LLC acquired a new position in shares of Host Hotels and Resorts during the 1st quarter valued at $54,000. Bessemer Group Inc. lifted its position in shares of Host Hotels and Resorts by 99.6% during the 4th quarter. Bessemer Group Inc. now owns 3,086 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,540 shares during the period. Private Capital Group LLC lifted its position in shares of Host Hotels and Resorts by 46.4% during the 1st quarter. Private Capital Group LLC now owns 3,329 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 1,055 shares during the period. Finally, Investors Research Corp acquired a new position in shares of Host Hotels and Resorts during the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 97.22% of the company’s stock.

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

HST stock traded up $0.36 during midday trading on Tuesday, reaching $17.83. 134,410 shares of the company’s stock traded hands, compared to its average volume of 5,236,617. The firm has a market capitalization of $13.09 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The firm has a fifty day simple moving average of $18.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. Host Hotels and Resorts Inc has a 52 week low of $15.94 and a 52 week high of $22.06.

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

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.49%. Host Hotels and Resorts’s payout ratio is 45.20%.

A number of research analysts recently issued reports on HST shares. Barclays reiterated a “buy” rating on shares of NXP Semiconductors in a research report on Sunday, May 5th. Capital One Financial started coverage on shares of Summit Hotel Properties in a research report on Tuesday, June 25th. They set an “equal weight” rating and a $13.00 target price on the stock. BTIG Research dropped their target price on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating on the stock in a research report on Thursday, June 27th. They noted that the move was a valuation call. ValuEngine upgraded shares of XCel Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Finally, Morgan Stanley set a $226.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.92.

Host Hotels and Resorts 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

Further Reading: Dividend

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

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