Oakbrook Investments LLC boosted its position in 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 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HST. Exxonmobil Investment Management Inc. TX boosted its position in shares of Host Hotels & Resorts by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,161 shares of the company’s stock valued at $3,059,000 after buying an additional 14,694 shares during the period. Legal & General Group Plc increased its stake in shares of Host Hotels & Resorts by 4.2% in the first quarter. Legal & General Group Plc now owns 4,623,233 shares of the company’s stock worth $77,204,000 after buying an additional 184,359 shares during the last quarter. Aperio Group LLC increased its stake in shares of Host Hotels & Resorts by 34.6% in the first quarter. Aperio Group LLC now owns 383,235 shares of the company’s stock worth $6,400,000 after buying an additional 98,518 shares during the last quarter. DNB Asset Management AS increased its stake in shares of Host Hotels & Resorts by 1.6% in the second quarter. DNB Asset Management AS now owns 138,696 shares of the company’s stock worth $2,248,000 after buying an additional 2,200 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Host Hotels & Resorts by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 374,580 shares of the company’s stock worth $6,255,000 after buying an additional 35,910 shares during the last quarter.

Host Hotels & Resorts Inc. (NYSE:HST) traded down 0.62% during trading on Friday, hitting $16.00. 13,412,661 shares of the company traded hands. Host Hotels & Resorts Inc. has a one year low of $12.17 and a one year high of $18.56. The firm has a market cap of $11.88 billion, a P/E ratio of 15.41 and a beta of 1.49. The firm has a 50 day moving average of $17.67 and a 200 day moving average of $16.47.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Wednesday, September 28th. Host Hotels & Resorts’s dividend payout ratio is currently 76.92%.

HST has been the subject of a number of recent analyst reports. Argus raised their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Morgan Stanley restated a “hold” rating and issued a $16.00 price objective on shares of Host Hotels & Resorts in a research report on Tuesday, August 2nd. RBC Capital Markets downgraded shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $19.00 to $18.00 in a research report on Monday, August 1st. Royal Bank Of Canada downgraded shares of Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $19.00 to $18.00 in a research report on Monday, August 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $18.00 price objective on shares of Host Hotels & Resorts in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.06.

In related news, SVP Brian G. Macnamara sold 5,000 shares of Host Hotels & Resorts stock in a transaction dated 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 transaction, the senior vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian G. Macnamara sold 6,000 shares of Host Hotels & Resorts stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $17.51, for a total transaction of $105,060.00. Following the transaction, the senior vice president now directly owns 59,172 shares of the company’s stock, valued at $1,036,101.72. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Host Hotels & Resorts Company Profile

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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