BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 3,461 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,680 shares of the company’s stock after selling 3,461 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Host Hotels & Resorts were worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Dupont Capital Management Corp raised its stake in Host Hotels & Resorts by 1.7% in the first quarter. Dupont Capital Management Corp now owns 112,196 shares of the company’s stock worth $1,891,000 after buying an additional 1,868 shares in the last quarter. Braun Stacey Associates Inc. grew its holdings in Host Hotels & Resorts by 16.7% in the first quarter. Braun Stacey Associates Inc. now owns 1,095,108 shares of the company’s stock worth $18,452,000 after purchasing an additional 156,978 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in Host Hotels & Resorts by 3,913.9% in the first quarter. Meeder Asset Management Inc. now owns 43,912 shares of the company’s stock worth $739,000 after purchasing an additional 42,818 shares during the last quarter. NN Investment Partners Holdings N.V. grew its holdings in Host Hotels & Resorts by 23.4% in the first quarter. NN Investment Partners Holdings N.V. now owns 203,321 shares of the company’s stock worth $3,425,000 after purchasing an additional 38,492 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Host Hotels & Resorts by 7.4% in the first quarter. US Bancorp DE now owns 49,612 shares of the company’s stock worth $836,000 after purchasing an additional 3,432 shares during the last quarter. 95.67% of the stock is owned by institutional investors.

Shares of HST stock opened at $17.33 on Friday. The stock has a 50 day moving average of $17.38 and a 200 day moving average of $15.63. The company has a current ratio of 31.40, a quick ratio of 31.40 and a debt-to-equity ratio of 0.89. The stock has a market cap of $12.24 billion, a P/E ratio of -20.88 and a beta of 1.38. Host Hotels & Resorts, Inc. has a twelve month low of $9.55 and a twelve month high of $18.52.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Tuesday, May 4th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.16. Host Hotels & Resorts had a negative return on equity of 8.55% and a negative net margin of 21.88%. The company had revenue of $399.00 million during the quarter, compared to analysts’ expectations of $319.14 million. During the same period last year, the business earned $0.23 earnings per share. Host Hotels & Resorts’s quarterly revenue was down 62.1% on a year-over-year basis. On average, research analysts predict that Host Hotels & Resorts, Inc. will post -0.36 earnings per share for the current fiscal year.

Several equities analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 price target on shares of Host Hotels & Resorts in a report on Monday, March 1st. Barclays lifted their price target on shares of Host Hotels & Resorts from $16.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, March 18th. Morgan Stanley boosted their price objective on shares of Host Hotels & Resorts from $10.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, January 20th. BTIG Research boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, March 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a report on Monday, February 22nd. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.53.

Host Hotels & 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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NASDAQ:HST)

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