Covington Investment Advisors Inc. lessened its stake in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 3.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 250,020 shares of the real estate investment trust’s stock after selling 9,580 shares during the quarter. Host Hotels & Resorts comprises approximately 1.7% of Covington Investment Advisors Inc.’s holdings, making the stock its 19th largest position. Covington Investment Advisors Inc.’s holdings in Host Hotels & Resorts were worth $4,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC bought a new stake in Host Hotels & Resorts during the 1st quarter valued at approximately $231,000. Xact Kapitalforvaltning AB raised its holdings in Host Hotels & Resorts by 1.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 58,226 shares of the real estate investment trust’s stock valued at $1,064,000 after acquiring an additional 1,052 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at approximately $248,000. Farmers Trust Co. raised its holdings in Host Hotels & Resorts by 18.1% in the 2nd quarter. Farmers Trust Co. now owns 270,903 shares of the real estate investment trust’s stock valued at $4,949,000 after acquiring an additional 41,457 shares in the last quarter. Finally, Kissinger Financial Services LLC raised its holdings in Host Hotels & Resorts by 5.9% in the 2nd quarter. Kissinger Financial Services LLC now owns 44,580 shares of the real estate investment trust’s stock valued at $814,000 after acquiring an additional 2,490 shares in the last quarter.

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HST has been the subject of several recent research reports. Deutsche Bank AG raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and upped their price target for the company from $18.00 to $21.00 in a report on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, September 8th. Zacks Investment Research cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Barclays PLC reissued a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, September 22nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.50.

Host Hotels & Resorts, Inc. (NYSE HST) traded up $0.16 during trading hours on Tuesday, hitting $19.79. The stock had a trading volume of 4,927,751 shares, compared to its average volume of 6,730,000. Host Hotels & Resorts, Inc. has a 1-year low of $15.29 and a 1-year high of $20.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.62 and a quick ratio of 3.62. The company has a market cap of $14,640.00, a price-to-earnings ratio of 11.75, a P/E/G ratio of 2.36 and a beta of 1.29.

Host Hotels & Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Host Hotels & Resorts had a return on equity of 8.44% and a net margin of 11.11%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS. sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Thursday, September 28th. Host Hotels & Resorts’s payout ratio is presently 98.77%.

Host Hotels & Resorts Company 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 & Resorts (NYSE:HST)

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