DnB Asset Management AS increased its position in Host Hotels & Resorts, Inc. (NYSE:HST) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 140,896 shares of the company’s stock after buying an additional 2,200 shares during the period. DnB Asset Management AS’s holdings in Host Hotels & Resorts were worth $2,194,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HST. FMR LLC boosted its stake in Host Hotels & Resorts by 9.5% in the second quarter. FMR LLC now owns 49,457,120 shares of the company’s stock worth $801,699,000 after buying an additional 4,291,443 shares in the last quarter. State Street Corp boosted its stake in Host Hotels & Resorts by 0.4% in the second quarter. State Street Corp now owns 43,700,383 shares of the company’s stock worth $708,387,000 after buying an additional 182,404 shares in the last quarter. Franklin Resources Inc. boosted its stake in Host Hotels & Resorts by 1,605.4% in the second quarter. Franklin Resources Inc. now owns 25,831,665 shares of the company’s stock worth $418,731,000 after buying an additional 24,316,931 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Host Hotels & Resorts by 1.7% in the second quarter. BlackRock Fund Advisors now owns 22,166,468 shares of the company’s stock worth $359,318,000 after buying an additional 379,172 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Host Hotels & Resorts by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 20,111,351 shares of the company’s stock worth $326,004,000 after buying an additional 52,993 shares in the last quarter.

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

Shares of Host Hotels & Resorts, Inc. (NYSE:HST) traded up 1.282% during trading on Friday, hitting $18.251. The company’s stock had a trading volume of 6,124,043 shares. The company has a market capitalization of $13.50 billion, a P/E ratio of 17.234 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 1-year low of $12.17 and a 1-year high of $19.51. The firm’s 50 day moving average is $18.53 and its 200-day moving average is $17.06.

Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Host Hotels & Resorts had a return on equity of 11.22% and a net margin of 14.72%. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.34 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Analysts forecast that Host Hotels & Resorts, Inc. will post $0.99 EPS for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.05 per share. This represents a dividend yield of 4.21%. The ex-dividend date is Wednesday, December 28th. Host Hotels & Resorts’s dividend payout ratio is presently 74.77%.

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HST has been the subject of a number of recent research reports. Canaccord Genuity reiterated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, January 4th. Zacks Investment Research upgraded Host Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, January 5th. Argus cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, December 15th. Cantor Fitzgerald set a $18.00 price target on Host Hotels & Resorts and gave the company a “buy” rating in a report on Thursday, November 10th. Finally, Citigroup Inc. lowered their price target on Host Hotels & Resorts from $20.00 to $16.75 and set a “buy” rating for the company in a report on Wednesday, October 5th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. Host Hotels & Resorts has an average rating of “Hold” and an average price target of $17.02.

In related news, SVP Brian G. Macnamara sold 8,427 shares of the business’s stock in a transaction that occurred on Wednesday, December 21st. The stock was sold at an average price of $19.38, for a total value of $163,315.26. Following the completion of the sale, the senior vice president now directly owns 45,745 shares in the company, valued at $886,538.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO W Edward Walter sold 405,943 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $18.93, for a total value of $7,684,500.99. Following the completion of the sale, the chief executive officer now owns 79,420 shares of the company’s stock, valued at $1,503,420.60. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

5 Day Chart for NYSE:HST

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