Sumitomo Mitsui Trust Holdings Inc. Grows Stock Holdings in Host Hotels and Resorts Inc (NYSE:HST)

Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,375,415 shares of the real estate investment trust’s stock after purchasing an additional 49,026 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.62% of Host Hotels and Resorts worth $47,211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Host Hotels and Resorts in the 2nd quarter worth approximately $527,000. Fulton Bank N.A. lifted its stake in Host Hotels and Resorts by 6.3% in the 1st quarter. Fulton Bank N.A. now owns 112,250 shares of the real estate investment trust’s stock worth $1,239,000 after purchasing an additional 6,612 shares in the last quarter. BKD Wealth Advisors LLC lifted its stake in Host Hotels and Resorts by 38.1% in the 2nd quarter. BKD Wealth Advisors LLC now owns 95,385 shares of the real estate investment trust’s stock worth $1,029,000 after purchasing an additional 26,305 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Host Hotels and Resorts in the 2nd quarter worth approximately $240,000. Finally, Fulton Bank N. A. lifted its stake in Host Hotels and Resorts by 26.2% in the 2nd quarter. Fulton Bank N. A. now owns 141,670 shares of the real estate investment trust’s stock worth $1,528,000 after purchasing an additional 29,420 shares in the last quarter. 99.20% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently commented on HST. Wells Fargo & Co reduced their price target on shares of Host Hotels and Resorts from $17.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. SunTrust Banks lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Friday, July 24th. Morgan Stanley raised shares of Host Hotels and Resorts from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $9.00 to $10.00 in a research report on Wednesday. Royal Bank of Canada reduced their price target on shares of Host Hotels and Resorts from $13.00 to $12.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 8th. Finally, Capital One Financial lowered shares of Host Hotels and Resorts from an “overweight” rating to an “equal weight” rating and set a $12.00 price target on the stock. in a research report on Monday, June 29th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.22.

Host Hotels and Resorts stock opened at $10.78 on Friday. Host Hotels and Resorts Inc has a fifty-two week low of $7.86 and a fifty-two week high of $18.90. The company has a debt-to-equity ratio of 0.75, a quick ratio of 12.76 and a current ratio of 12.76. The firm has a 50 day moving average price of $11.21 and a 200 day moving average price of $12.78. The company has a market capitalization of $7.60 billion, a PE ratio of 14.77 and a beta of 1.27.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.25). The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $102.34 million. Host Hotels and Resorts had a return on equity of 1.27% and a net margin of 2.48%. As a group, equities research analysts forecast that Host Hotels and Resorts Inc will post -0.13 earnings per share for the current year.

In other Host Hotels and Resorts news, Director Walter C. Rakowich sold 5,566 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $10.63, for a total value of $59,166.58. Following the completion of the transaction, the director now owns 48,764 shares in the company, valued at $518,361.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

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

Featured Article: Beta

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

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.