Host Hotels and Resorts Inc (NYSE:HST) Shares Sold by BB&T Corp

BB&T Corp reduced its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 21.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,695 shares of the real estate investment trust’s stock after selling 6,034 shares during the quarter. BB&T Corp’s holdings in Host Hotels and Resorts were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HST. Fulton Bank N.A. increased its stake in Host Hotels and Resorts by 12.3% in the second quarter. Fulton Bank N.A. now owns 72,530 shares of the real estate investment trust’s stock valued at $1,322,000 after purchasing an additional 7,924 shares during the last quarter. KAMES CAPITAL plc increased its stake in Host Hotels and Resorts by 46.5% in the second quarter. KAMES CAPITAL plc now owns 479,335 shares of the real estate investment trust’s stock valued at $8,724,000 after purchasing an additional 152,081 shares during the last quarter. Scout Investments Inc. increased its stake in Host Hotels and Resorts by 17.9% in the second quarter. Scout Investments Inc. now owns 3,855,543 shares of the real estate investment trust’s stock valued at $70,248,000 after purchasing an additional 584,239 shares during the last quarter. LGT Capital Partners LTD. increased its stake in Host Hotels and Resorts by 6.3% in the second quarter. LGT Capital Partners LTD. now owns 342,710 shares of the real estate investment trust’s stock valued at $6,244,000 after purchasing an additional 20,200 shares during the last quarter. Finally, Patten Group Inc. increased its stake in Host Hotels and Resorts by 2.8% in the second quarter. Patten Group Inc. now owns 48,091 shares of the real estate investment trust’s stock valued at $876,000 after purchasing an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Several equities analysts recently commented on the company. BTIG Research lowered Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price target on Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. BMO Capital Markets assumed coverage on Host Hotels and Resorts in a research note on Wednesday, October 16th. They set an “outperform” rating and a $19.00 price target for the company. Finally, ValuEngine lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.85.

Shares of NYSE:HST opened at $17.17 on Friday. The firm has a market capitalization of $12.71 billion, a PE ratio of 9.70, a P/E/G ratio of 1.98 and a beta of 1.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.12 and a quick ratio of 5.12. The business has a 50-day moving average of $16.80 and a two-hundred day moving average of $17.59. Host Hotels and Resorts Inc has a 12 month low of $15.51 and a 12 month high of $20.34.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 4.66%. Host Hotels and Resorts’s dividend payout ratio is presently 45.20%.

About Host Hotels and Resorts

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Institutional Ownership by Quarter for Host Hotels and Resorts (NYSE:HST)

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