Sterling Capital Management LLC Lowers Holdings in Host Hotels and Resorts Inc (HST)

Sterling Capital Management LLC reduced its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 123,771 shares of the real estate investment trust’s stock after selling 31,064 shares during the period. Sterling Capital Management LLC’s holdings in Host Hotels and Resorts were worth $2,289,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Mckinley Capital Management LLC Delaware purchased a new position in Host Hotels and Resorts during the 2nd quarter worth $100,000. Amica Retiree Medical Trust acquired a new stake in shares of Host Hotels and Resorts in the 3rd quarter worth $154,000. Penserra Capital Management LLC acquired a new stake in shares of Host Hotels and Resorts in the 3rd quarter worth $177,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Host Hotels and Resorts in the 2nd quarter worth $190,000. Finally, Newman Dignan & Sheerar Inc. acquired a new stake in shares of Host Hotels and Resorts in the 3rd quarter worth $194,000.

Shares of Host Hotels and Resorts Inc (HST) opened at $20.14 on Monday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56. Host Hotels and Resorts Inc has a 52 week low of $17.26 and a 52 week high of $20.23. The company has a market cap of $14,905.37, a PE ratio of 12.06, a P/E/G ratio of 2.43 and a beta of 1.28.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, December 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is 100.00%.

Several analysts have recently commented on the stock. Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Host Hotels and Resorts in a research note on Thursday, October 12th. Stifel Nicolaus restated a “buy” rating and issued a $19.00 target price on shares of Host Hotels and Resorts in a research note on Tuesday, October 17th. Boenning Scattergood restated a “buy” rating and issued a $20.00 target price on shares of Host Hotels and Resorts in a research note on Friday, September 22nd. Wells Fargo & Company upgraded shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research note on Monday, November 6th. Finally, Wolfe Research assumed coverage on shares of Host Hotels and Resorts in a research note on Wednesday, November 29th. They issued a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. Host Hotels and Resorts has an average rating of “Hold” and an average target price of $20.19.

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Host Hotels and Resorts 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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