APG Asset Management US Inc. Cuts Stake in Host Hotels & Resorts, Inc. (NYSE:HST)

APG Asset Management US Inc. reduced its stake in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 6.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,316,544 shares of the real estate investment trust’s stock after selling 1,042,000 shares during the period. Host Hotels & Resorts makes up 2.2% of APG Asset Management US Inc.’s portfolio, making the stock its 13th largest position. APG Asset Management US Inc. owned 1.94% of Host Hotels & Resorts worth $261,563,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Muzinich & Co. Inc. acquired a new stake in shares of Host Hotels & Resorts during the first quarter valued at about $127,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at about $132,000. Creative Planning increased its stake in shares of Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 136 shares during the period. Global X Management Co. LLC increased its stake in shares of Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after buying an additional 2,556 shares during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the first quarter valued at about $194,000.

Host Hotels & Resorts, Inc. (NYSE HST) traded down 2.73% during trading on Friday, reaching $17.43. 8,393,075 shares of the company’s stock were exchanged. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 21.57 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 52 week low of $14.69 and a 52 week high of $20.21. The company’s 50 day moving average price is $18.27 and its 200-day moving average price is $18.29.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post $0.79 EPS for the current year.

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Several brokerages recently issued reports on HST. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a research note on Friday, July 28th. BidaskClub downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Tuesday, July 4th. Barclays PLC reissued a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $18.44.

In other news, EVP Joanne G. Hamilton sold 3,069 shares of Host Hotels & Resorts stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total value of $58,341.69. Following the transaction, the executive vice president now owns 43,035 shares of the company’s stock, valued at $818,095.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Host Hotels & Resorts Company 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 & Resorts (NYSE:HST)

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