Host Hotels and Resorts Inc (HST) Position Raised by Acadian Asset Management LLC
A number of other institutional investors have also made changes to their positions in HST. Muzinich & Co. Inc. acquired a new position in shares of Host Hotels and Resorts during the first quarter worth about $415,000. Exxonmobil Investment Management Inc. TX increased its stake in shares of Host Hotels and Resorts by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 183,161 shares of the company's stock valued at $3,059,000 after buying an additional 14,694 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Host Hotels and Resorts by 14.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 176,068 shares of the company's stock valued at $2,940,000 after buying an additional 21,854 shares in the last quarter. DnB Asset Management AS increased its stake in shares of Host Hotels and Resorts by 189.2% in the first quarter. DnB Asset Management A S now owns 136,496 shares of the company's stock valued at $2,279,000 after buying an additional 89,300 shares in the last quarter. Finally, LGT Capital Partners LTD. increased its stake in shares of Host Hotels and Resorts by 23.6% in the first quarter. LGT Capital Partners LTD. now owns 311,730 shares of the company's stock valued at $5,206,000 after buying an additional 59,580 shares in the last quarter.
Host Hotels and Resorts Inc (NYSE:HST) opened at 15.40 on Friday. The firm's 50-day moving average is $15.62 and its 200 day moving average is $15.45. Host Hotels and Resorts Inc has a 12 month low of $12.17 and a 12 month high of $21.40. The firm has a market capitalization of $11.51 billion and a price-to-earnings ratio of 18.12.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Friday, April 29th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.03. During the same quarter last year, the business earned $0.35 earnings per share. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. The company's revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Host Hotels and Resorts Inc will post $1.68 earnings per share for the current year.
A number of research analysts recently commented on HST shares. Raymond James raised shares of Host Hotels and Resorts from an "underperform" rating to a "market perform" rating in a research report on Wednesday, May 18th. Canaccord Genuity restated a "hold" rating on shares of Host Hotels and Resorts in a research note on Saturday, April 30th. TheStreet raised Host Hotels and Resorts from a "hold" rating to a "buy" rating in a report on Thursday, March 31st. Stifel Nicolaus started coverage on Host Hotels and Resorts in a research report on Tuesday, March 29th. They set a "buy" rating and a $19.00 target price on the stock. Finally, Credit Suisse reissued a "neutral" rating and issued a $16.00 target price (up from $15.00) on shares of Host Hotels and Resorts in a report on Wednesday, March 23rd. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating o f "Hold" and an average price target of $18.47.
In related news, SVP Brian G. Macnamara sold 5,000 shares of Host Hotels and Resorts stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $16.86, for a total transaction of $84,300.00. Following the completion of the sale, the senior vice president now directly owns 65,172 shares of the company's stock, valued at approximately $1,098,799.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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