Host Hotels and Resorts Inc (NYSE:HST) Shares Sold by Symons Capital Management Inc.

Symons Capital Management Inc. trimmed its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 13.3% during the third quarter, Holdings Channel reports. The firm owned 244,879 shares of the real estate investment trust’s stock after selling 37,527 shares during the quarter. Host Hotels and Resorts comprises 1.9% of Symons Capital Management Inc.’s portfolio, making the stock its 29th largest holding. Symons Capital Management Inc.’s holdings in Host Hotels and Resorts were worth $4,233,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the business. Nuveen Asset Management LLC raised its holdings in shares of Host Hotels and Resorts by 175.2% during the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock worth $213,137,000 after purchasing an additional 7,446,548 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Host Hotels and Resorts by 60.2% during the second quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock worth $184,526,000 after purchasing an additional 3,850,979 shares during the period. Invesco Ltd. increased its holdings in shares of Host Hotels and Resorts by 17.4% in the 2nd quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock worth $185,492,000 after acquiring an additional 1,505,749 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Host Hotels and Resorts by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,647,729 shares of the real estate investment trust’s stock worth $175,782,000 after acquiring an additional 298,929 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of Host Hotels and Resorts by 7.9% in the 2nd quarter. Bank of Montreal Can now owns 9,517,125 shares of the real estate investment trust’s stock worth $173,401,000 after acquiring an additional 700,688 shares during the period. 97.22% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on HST shares. Stifel Nicolaus set a $20.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. BTIG Research cut shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. BMO Capital Markets started coverage on shares of Host Hotels and Resorts in a report on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 price objective on the stock. ValuEngine cut shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Friday. Finally, Barclays set a $21.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a report on Monday, August 12th. 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 stock. The stock presently has an average rating of “Hold” and an average target price of $19.85.

Host Hotels and Resorts stock traded up $0.22 during trading hours on Friday, hitting $17.17. 8,280,947 shares of the company traded hands, compared to its average volume of 6,872,809. The firm has a market cap of $12.71 billion, a P/E ratio of 9.70, a P/E/G ratio of 1.98 and a beta of 1.11. The company has a quick ratio of 5.12, a current ratio of 5.12 and a debt-to-equity ratio of 0.52. The firm’s 50-day simple moving average is $16.80 and its two-hundred day simple moving average is $17.59. Host Hotels and Resorts Inc has a 1-year low of $15.51 and a 1-year high of $20.34.

The business also recently announced 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 was Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 4.66%. Host Hotels and Resorts’s payout ratio is 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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