Zurich Insurance Group Ltd FI lifted its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 37.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,133 shares of the real estate investment trust’s stock after buying an additional 95,943 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in Host Hotels and Resorts were worth $7,462,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC boosted its stake in shares of Host Hotels and Resorts by 15.5% in the second quarter. Piedmont Investment Advisors LLC now owns 425,075 shares of the real estate investment trust’s stock valued at $8,956,000 after buying an additional 57,061 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of Host Hotels and Resorts in the second quarter valued at approximately $1,180,000. Chevy Chase Trust Holdings Inc. purchased a new stake in shares of Host Hotels and Resorts in the second quarter valued at approximately $13,238,000. IBM Retirement Fund boosted its stake in shares of Host Hotels and Resorts by 45.9% in the first quarter. IBM Retirement Fund now owns 16,085 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 5,057 shares in the last quarter. Finally, Carillon Tower Advisers Inc. boosted its stake in shares of Host Hotels and Resorts by 78.1% in the second quarter. Carillon Tower Advisers Inc. now owns 2,042,059 shares of the real estate investment trust’s stock valued at $43,026,000 after buying an additional 895,625 shares in the last quarter. Hedge funds and other institutional investors own 99.42% of the company’s stock.

A number of research firms recently weighed in on HST. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, July 31st. Robert W. Baird lifted their price target on Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th. Citigroup lifted their price target on Host Hotels and Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. ValuEngine downgraded Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Finally, Jefferies Financial Group began 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 on the stock. One 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 company currently has a consensus rating of “Buy” and a consensus price target of $21.87.

Shares of HST stock opened at $21.57 on Friday. The firm has a market cap of $15.83 billion, a P/E ratio of 12.41, a PEG ratio of 2.44 and a beta of 1.24. Host Hotels and Resorts Inc has a 1 year low of $17.93 and a 1 year high of $22.47. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.59.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors 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 3.71%. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.

Host Hotels and Resorts 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 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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