Host Hotels & Resorts, Inc. (NASDAQ:HST) Stock Holdings Reduced by BNP Paribas Arbitrage SNC

BNP Paribas Arbitrage SNC lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 41.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,051,883 shares of the company’s stock after selling 744,931 shares during the quarter. BNP Paribas Arbitrage SNC owned approximately 0.15% of Host Hotels & Resorts worth $16,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HST. GPS Wealth Strategies Group LLC bought a new stake in shares of Host Hotels & Resorts during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. lifted its position in shares of Host Hotels & Resorts by 1,921.5% during the 1st quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter worth about $27,000. Parkside Financial Bank & Trust lifted its position in shares of Host Hotels & Resorts by 146.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after purchasing an additional 976 shares during the last quarter. Finally, Guardian Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter worth about $35,000. Hedge funds and other institutional investors own 97.07% of the company’s stock.

Wall Street Analysts Forecast Growth

HST has been the subject of several research analyst reports. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $22.00 to $21.00 in a research report on Thursday, February 16th. Citigroup cut their price objective on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, March 3rd. Finally, Morgan Stanley cut their price target on Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, January 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $21.73.

Host Hotels & Resorts Trading Up 1.2 %

HST stock opened at $15.96 on Wednesday. Host Hotels & Resorts, Inc. has a 1-year low of $15.10 and a 1-year high of $21.63. The firm has a market cap of $11.39 billion, a P/E ratio of 18.14 and a beta of 1.29. The business’s 50 day moving average is $17.43 and its 200-day moving average is $17.39. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.63.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released its quarterly earnings data on Wednesday, February 15th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.23). Host Hotels & Resorts had a net margin of 12.90% and a return on equity of 9.43%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.74 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.12 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.01%. Host Hotels & Resorts’s dividend payout ratio is currently 54.55%.

About Host Hotels & Resorts

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.