Standard Life Aberdeen plc Lowers Position in Host Hotels and Resorts Inc (HST)

Standard Life Aberdeen plc lowered its stake in Host Hotels and Resorts Inc (NYSE:HST) by 31.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,117,142 shares of the real estate investment trust’s stock after selling 1,402,440 shares during the period. Standard Life Aberdeen plc owned 0.42% of Host Hotels and Resorts worth $61,891,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HST. Oakbrook Investments LLC boosted its stake in Host Hotels and Resorts by 9.6% in the fourth quarter. Oakbrook Investments LLC now owns 29,145 shares of the real estate investment trust’s stock valued at $579,000 after acquiring an additional 2,550 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in Host Hotels and Resorts by 7.4% in the third quarter. Commonwealth Equity Services Inc now owns 44,260 shares of the real estate investment trust’s stock valued at $818,000 after acquiring an additional 3,052 shares during the last quarter. BT Investment Management Ltd boosted its stake in Host Hotels and Resorts by 1.0% in the third quarter. BT Investment Management Ltd now owns 318,552 shares of the real estate investment trust’s stock valued at $5,889,000 after acquiring an additional 3,300 shares during the last quarter. Cadence Bank NA boosted its stake in Host Hotels and Resorts by 5.3% in the third quarter. Cadence Bank NA now owns 65,824 shares of the real estate investment trust’s stock valued at $1,217,000 after acquiring an additional 3,307 shares during the last quarter. Finally, Peddock Capital Advisors LLC boosted its stake in Host Hotels and Resorts by 9.0% in the third quarter. Peddock Capital Advisors LLC now owns 40,386 shares of the real estate investment trust’s stock valued at $747,000 after acquiring an additional 3,319 shares during the last quarter.

In related news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the sale, the executive vice president now directly owns 168,905 shares in the company, valued at $3,454,107.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Host Hotels and Resorts Inc (HST) opened at $19.21 on Friday. The firm has a market cap of $14,124.20, a price-to-earnings ratio of 25.61, a PEG ratio of 2.30 and a beta of 1.26. Host Hotels and Resorts Inc has a 52-week low of $17.26 and a 52-week high of $21.53. The company has a current ratio of 3.51, a quick ratio of 3.62 and a debt-to-equity ratio of 0.61.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.27. Host Hotels and Resorts had a net margin of 10.47% and a return on equity of 7.97%. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm posted $0.17 earnings per share. The business’s quarterly revenue was up .5% compared to the same quarter last year. research analysts anticipate that Host Hotels and Resorts Inc will post 1.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 29th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.16%. Host Hotels and Resorts’s payout ratio is 106.67%.

HST has been the topic of a number of recent research reports. Raymond James Financial raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 price objective on the stock in a research note on Monday, January 8th. Robert W. Baird set a $21.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research note on Friday, December 1st. Boenning Scattergood reissued a “buy” rating and set a $20.00 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. BTIG Research raised shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Monday, December 4th. Finally, Zacks Investment Research raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $20.63.

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Host Hotels and Resorts 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.

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

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