State Treasurer State of Michigan reduced its stake in Host Hotels & Resorts Inc. (NYSE:HST) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 259,096 shares of the company’s stock after selling 500 shares during the period. State Treasurer State of Michigan’s holdings in Host Hotels & Resorts were worth $4,034,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HST. Creative Planning raised its stake in shares of Host Hotels & Resorts by 5.5% in the second quarter. Creative Planning now owns 6,651 shares of the company’s stock valued at $108,000 after buying an additional 345 shares in the last quarter. Johnson Financial Group Inc. raised its stake in shares of Host Hotels & Resorts by 63.4% in the second quarter. Johnson Financial Group Inc. now owns 6,913 shares of the company’s stock valued at $112,000 after buying an additional 2,683 shares in the last quarter. First Personal Financial Services raised its stake in shares of Host Hotels & Resorts by 17.7% in the second quarter. First Personal Financial Services now owns 9,404 shares of the company’s stock valued at $153,000 after buying an additional 1,411 shares in the last quarter. Acrospire Investment Management LLC raised its stake in shares of Host Hotels & Resorts by 92.0% in the second quarter. Acrospire Investment Management LLC now owns 9,600 shares of the company’s stock valued at $156,000 after buying an additional 4,600 shares in the last quarter. Finally, Park National Corp OH raised its stake in shares of Host Hotels & Resorts by 0.7% in the second quarter. Park National Corp OH now owns 10,298 shares of the company’s stock valued at $167,000 after buying an additional 68 shares in the last quarter.

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

Shares of Host Hotels & Resorts Inc. (NYSE:HST) traded up 0.18% during midday trading on Monday, hitting $16.97. 8,249,439 shares of the stock were exchanged. Host Hotels & Resorts Inc. has a 52-week low of $12.17 and a 52-week high of $18.56. The firm’s 50-day moving average is $15.86 and its 200 day moving average is $16.39. The firm has a market cap of $12.56 billion, a PE ratio of 16.02 and a beta of 1.28.

Host Hotels & Resorts (NYSE:HST) last released its earnings results on Wednesday, November 2nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Host Hotels & Resorts had a net margin of 14.72% and a return on equity of 11.22%. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Host Hotels & Resorts Inc. will post $1.65 earnings per share for the current year.

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Several analysts have commented on HST shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $17.50 price objective (down previously from $18.50) on shares of Host Hotels & Resorts in a research report on Friday, October 7th. Citigroup Inc. lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $16.75 and set a “buy” rating on the stock in a research report on Wednesday, October 5th. Argus boosted their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, August 24th. Cantor Fitzgerald set a $18.00 price target on shares of Host Hotels & Resorts and gave the company a “buy” rating in a research report on Thursday, November 10th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $14.00 price target (down previously from $15.00) on shares of Host Hotels & Resorts in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $17.07.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

5 Day Chart for NYSE:HST

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