Old Port Advisors purchased a new stake in shares of Host Hotels and Resorts Inc (NYSE:HST) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 18,269 shares of the real estate investment trust’s stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new position in Host Hotels and Resorts during the second quarter valued at $97,905,000. JPMorgan Chase & Co. raised its stake in Host Hotels and Resorts by 359.3% during the first quarter. JPMorgan Chase & Co. now owns 4,682,939 shares of the real estate investment trust’s stock valued at $87,290,000 after buying an additional 3,663,380 shares during the last quarter. Heitman Real Estate Securities LLC purchased a new position in Host Hotels and Resorts during the second quarter valued at $43,023,000. Glenmede Trust Co. NA raised its stake in Host Hotels and Resorts by 761.1% during the second quarter. Glenmede Trust Co. NA now owns 2,146,084 shares of the real estate investment trust’s stock valued at $45,218,000 after buying an additional 1,896,862 shares during the last quarter. Finally, Zimmer Partners LP raised its stake in Host Hotels and Resorts by 6,312.8% during the first quarter. Zimmer Partners LP now owns 1,904,600 shares of the real estate investment trust’s stock valued at $35,502,000 after buying an additional 1,874,900 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

NYSE:HST opened at $21.17 on Wednesday. Host Hotels and Resorts Inc has a 52-week low of $17.93 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market cap of $15.49 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 2.39 and a beta of 1.24.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.23). Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. equities research analysts predict that Host Hotels and Resorts Inc will post 1.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.

A number of research analysts have issued reports on the company. Zacks Investment Research cut Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Barclays boosted their price target on Host Hotels and Resorts from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Friday, June 1st. ValuEngine cut Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Jefferies Financial Group initiated coverage on Host Hotels and Resorts in a research note on Thursday, May 31st. They issued a “hold” rating and a $22.00 price target for the company. Finally, Citigroup boosted their price target on Host Hotels and Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $21.87.

About Host Hotels and Resorts

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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

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

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