Host Hotels and Resorts Inc (HST) Stake Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 342,029 shares of the real estate investment trust’s stock after selling 5,924 shares during the period. Retirement Systems of Alabama’s holdings in Host Hotels and Resorts were worth $7,217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bridgewater Associates LP acquired a new position in shares of Host Hotels and Resorts during the second quarter valued at approximately $1,180,000. Piedmont Investment Advisors LLC increased its stake in shares of Host Hotels and Resorts by 15.5% during 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 acquiring an additional 57,061 shares during the period. Worldquant Millennium Quantitative Strategies LLC acquired a new position in shares of Host Hotels and Resorts during the second quarter valued at approximately $2,011,000. WINTON GROUP Ltd increased its stake in shares of Host Hotels and Resorts by 2,079.6% during the second quarter. WINTON GROUP Ltd now owns 538,010 shares of the real estate investment trust’s stock valued at $11,336,000 after acquiring an additional 513,326 shares during the period. Finally, Scopus Asset Management L.P. acquired a new position in shares of Host Hotels and Resorts during the second quarter valued at approximately $6,848,000. 99.78% of the stock is currently owned by institutional investors.

Host Hotels and Resorts stock opened at $18.68 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 2.14 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.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.08. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.34%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Sell-side analysts predict that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a $0.20 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.80 annualized dividend and a yield of 4.28%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 47.34%.

A number of research analysts recently commented on HST shares. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Tuesday, July 31st. Robert W. Baird raised their price objective on shares of 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Host Hotels and Resorts currently has an average rating of “Hold” and an average target price of $21.87.

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 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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