Host Hotels & Resorts Inc. (NYSE:HST) was the target of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 71,294,078 shares, a decrease of 5.5% from the October 31st total of 75,419,817 shares. Based on an average daily volume of 13,617,285 shares, the short-interest ratio is currently 5.2 days. Approximately 9.8% of the shares of the company are short sold.

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. boosted its position in shares of Host Hotels & Resorts by 3.0% in the second quarter. Sei Investments Co. now owns 1,733,391 shares of the company’s stock valued at $28,098,000 after buying an additional 49,686 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Host Hotels & Resorts by 2.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 233,903 shares of the company’s stock valued at $3,792,000 after buying an additional 6,383 shares in the last quarter. Huntington National Bank boosted its position in shares of Host Hotels & Resorts by 522.2% in the third quarter. Huntington National Bank now owns 18,865 shares of the company’s stock valued at $293,000 after buying an additional 15,833 shares in the last quarter. Hanlon Investment Management Inc. acquired a new position in shares of Host Hotels & Resorts during the second quarter valued at $4,868,000. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of Host Hotels & Resorts by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,005 shares of the company’s stock valued at $277,000 after buying an additional 392 shares in the last quarter.

Several equities analysts recently commented on the company. Citigroup Inc. upped their price objective on Host Hotels & Resorts from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Morgan Stanley reiterated an “equal weight” rating and issued a $14.00 price objective (down previously from $15.00) on shares of Host Hotels & Resorts in a research note on Tuesday, November 15th. Cantor Fitzgerald set a $18.00 price objective on Host Hotels & Resorts and gave the company a “buy” rating in a research note on Thursday, November 10th. BTIG Research assumed coverage on Host Hotels & Resorts in a research note on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Canaccord Genuity set a $18.00 price objective on Host Hotels & Resorts and gave the company a “hold” rating in a research note on Wednesday, November 2nd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $17.07.

Host Hotels & Resorts (NYSE:HST) opened at 17.84 on Thursday. The company has a market cap of $13.20 billion, a PE ratio of 16.85 and a beta of 1.28. Host Hotels & Resorts has a 1-year low of $12.17 and a 1-year high of $18.56. The company has a 50-day moving average price of $16.02 and a 200-day moving average price of $16.42.

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

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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).

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