Long Pond Capital LP purchased a new position in shares of Host Hotels and Resorts Inc (NYSE:HST) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,350,000 shares of the real estate investment trust’s stock, valued at approximately $24,597,000. Long Pond Capital LP owned approximately 0.18% of Host Hotels and Resorts at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HST. Geode Capital Management LLC increased its position in shares of Host Hotels and Resorts by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 12,077,527 shares of the real estate investment trust’s stock worth $201,051,000 after purchasing an additional 858,560 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Host Hotels and Resorts by 1.6% during the first quarter. Janus Henderson Group PLC now owns 228,733 shares of the real estate investment trust’s stock worth $4,324,000 after purchasing an additional 3,580 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Host Hotels and Resorts by 1.8% during the first quarter. Victory Capital Management Inc. now owns 224,430 shares of the real estate investment trust’s stock worth $4,242,000 after purchasing an additional 3,979 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of Host Hotels and Resorts by 1.5% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 131,943 shares of the real estate investment trust’s stock worth $2,494,000 after purchasing an additional 1,911 shares in the last quarter. Finally, State Treasurer State of Michigan increased its position in shares of Host Hotels and Resorts by 0.4% during the first quarter. State Treasurer State of Michigan now owns 213,400 shares of the real estate investment trust’s stock worth $4,033,000 after purchasing an additional 900 shares in the last quarter. 97.89% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on HST. Capital One Financial began coverage on Host Hotels and Resorts in a research report on Tuesday, June 25th. They set an “overweight” rating and a $23.00 price target on the stock. Stifel Nicolaus set a $20.00 price target on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their price target on Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Friday, September 6th. Finally, Barclays set a $21.00 price target on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.20.

Shares of HST opened at $17.41 on Friday. The firm has a market capitalization of $12.47 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.98 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.12 and a quick ratio of 5.12. Host Hotels and Resorts Inc has a 1-year low of $15.51 and a 1-year high of $21.62. The company’s fifty day moving average price is $16.55 and its 200-day moving average price is $18.27.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. Host Hotels and Resorts’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share. As a group, research analysts anticipate that Host Hotels and Resorts Inc will post 1.76 EPS for the current fiscal year.

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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