Oakbrook Investments LLC boosted its stake in shares of Host Hotels & Resorts Inc. (NYSE:HST) by 12.4% during the second quarter, Holdings Channel reports. The institutional investor owned 46,355 shares of the company’s stock after buying an additional 5,100 shares during the period. Oakbrook Investments LLC’s holdings in Host Hotels & Resorts were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HST. Granite Investment Partners LLC increased its position in shares of Host Hotels & Resorts by 89.8% in the first quarter. Granite Investment Partners LLC now owns 134,845 shares of the company’s stock valued at $2,252,000 after buying an additional 63,804 shares in the last quarter. Sanders Morris Harris Inc. acquired a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $684,000. Investment Centers of America Inc. boosted its stake in shares of Host Hotels & Resorts by 0.8% in the first quarter. Investment Centers of America Inc. now owns 25,037 shares of the company’s stock valued at $419,000 after buying an additional 195 shares in the last quarter. PGGM Investments boosted its stake in shares of Host Hotels & Resorts by 15.8% in the first quarter. PGGM Investments now owns 14,001,725 shares of the company’s stock valued at $233,829,000 after buying an additional 1,910,014 shares in the last quarter. Finally, FirstMerit Bank N A Trustee boosted its stake in shares of Host Hotels & Resorts by 0.6% in the first quarter. FirstMerit Bank N A Trustee now owns 18,859 shares of the company’s stock valued at $315,000 after buying an additional 113 shares in the last quarter.

Shares of Host Hotels & Resorts Inc. (NYSE:HST) traded down 0.62% during trading on Friday, reaching $16.00. 13,412,661 shares of the company were exchanged. Host Hotels & Resorts Inc. has a one year low of $12.17 and a one year high of $18.56. The firm’s 50 day moving average price is $17.67 and its 200 day moving average price is $16.47. The company has a market capitalization of $11.88 billion, a PE ratio of 15.41 and a beta of 1.49.

Host Hotels & Resorts (NYSE:HST) last released its earnings results on Friday, July 29th. The company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The business earned $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Host Hotels & Resorts had a net margin of 14.34% and a return on equity of 10.97%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts forecast that Host Hotels & Resorts Inc. will post $1.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.00%. The ex-dividend date is Wednesday, September 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 76.92%.

HST has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Wednesday, July 13th. Argus lifted their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, August 24th. Royal Bank Of Canada lowered shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $19.00 to $18.00 in a research note on Monday, August 1st. Canaccord Genuity reissued a “hold” rating and set a $18.00 price objective on shares of Host Hotels & Resorts in a research note on Tuesday, August 16th. Finally, Evercore ISI lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.06.

In other news, SVP Brian G. Macnamara sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $18.21, for a total transaction of $91,050.00. Following the completion of the sale, the senior vice president now owns 54,172 shares of the company’s stock, valued at approximately $986,472.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian G. Macnamara sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $17.51, for a total transaction of $105,060.00. Following the sale, the senior vice president now directly owns 59,172 shares of the company’s stock, valued at approximately $1,036,101.72. 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).

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