Oppenheimer Asset Management Inc. Sells 28,848 Shares of Host Hotels and Resorts Inc (HST)

Oppenheimer Asset Management Inc. trimmed its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 60.4% in the third quarter, Holdings Channel reports. The fund owned 18,894 shares of the real estate investment trust’s stock after selling 28,848 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Host Hotels and Resorts were worth $399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. increased its position in Host Hotels and Resorts by 31.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,369,039 shares of the real estate investment trust’s stock valued at $92,268,000 after purchasing an additional 1,046,528 shares during the period. Robeco Institutional Asset Management B.V. increased its position in Host Hotels and Resorts by 27.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 868,336 shares of the real estate investment trust’s stock valued at $18,334,000 after purchasing an additional 189,052 shares during the period. NuWave Investment Management LLC increased its position in Host Hotels and Resorts by 139.5% during the 3rd quarter. NuWave Investment Management LLC now owns 19,211 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 11,189 shares during the period. IFM Investors Pty Ltd increased its position in Host Hotels and Resorts by 14.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 41,305 shares of the real estate investment trust’s stock valued at $872,000 after purchasing an additional 5,191 shares during the period. Finally, Green Street Investors LLC increased its position in Host Hotels and Resorts by 18.8% during the 3rd quarter. Green Street Investors LLC now owns 502,100 shares of the real estate investment trust’s stock valued at $10,584,000 after purchasing an additional 79,500 shares during the period. Hedge funds and other institutional investors own 99.36% of the company’s stock.

HST has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. Deutsche Bank set a $23.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research report on Saturday, November 3rd. Finally, Robert W. Baird boosted their price objective on shares of Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.93.

NYSE:HST opened at $19.02 on Friday. The stock has a market capitalization of $13.73 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24. The company has a current ratio of 5.32, a quick ratio of 3.33 and a debt-to-equity ratio of 0.55. Host Hotels and Resorts Inc has a 1-year low of $17.93 and a 1-year high of $22.47.

Host Hotels and Resorts (NYSE:HST) last released its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.08. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. On average, analysts forecast that Host Hotels and Resorts Inc will post 1.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.

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Host Hotels and Resorts Company 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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

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

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