Profund Advisors LLC boosted its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 18.8% in the second quarter, HoldingsChannel reports. The fund owned 59,734 shares of the real estate investment trust’s stock after acquiring an additional 9,437 shares during the period. Profund Advisors LLC’s holdings in Host Hotels and Resorts were worth $1,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HST. Bank of Nova Scotia raised its holdings in Host Hotels and Resorts by 1.5% in the second quarter. Bank of Nova Scotia now owns 142,778 shares of the real estate investment trust’s stock worth $2,602,000 after buying an additional 2,102 shares during the last quarter. Teachers Insurance & Annuity Association of America raised its holdings in Host Hotels and Resorts by 9.3% in the second quarter. Teachers Insurance & Annuity Association of America now owns 745,203 shares of the real estate investment trust’s stock worth $13,577,000 after buying an additional 63,521 shares during the last quarter. Deprince Race & Zollo Inc. raised its holdings in Host Hotels and Resorts by 5.5% in the second quarter. Deprince Race & Zollo Inc. now owns 1,520,431 shares of the real estate investment trust’s stock worth $27,702,000 after buying an additional 78,979 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Host Hotels and Resorts by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 2,973,568 shares of the real estate investment trust’s stock worth $54,178,000 after buying an additional 29,112 shares during the last quarter. Finally, Impax Asset Management Group plc grew its stake in shares of Host Hotels and Resorts by 11.2% in the second quarter. Impax Asset Management Group plc now owns 13,207 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,331 shares during the period. 97.81% of the stock is owned by institutional investors.

Shares of HST stock traded up $0.02 during trading hours on Monday, reaching $17.34. The company had a trading volume of 191,407 shares, compared to its average volume of 6,948,903. The business has a fifty day moving average price of $16.54 and a 200-day moving average price of $18.26. Host Hotels and Resorts Inc has a one year low of $15.51 and a one year high of $21.62. The firm has a market cap of $12.47 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.52, a quick ratio of 5.12 and a current ratio of 5.12.

Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Equities research analysts forecast that Host Hotels and Resorts Inc will post 1.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.80 annualized dividend and a yield of 4.61%. Host Hotels and Resorts’s dividend payout ratio (DPR) is 45.20%.

HST has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of 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. Deutsche Bank reiterated a “buy” rating and issued a $23.00 price target on shares of Host Hotels and Resorts in a research note on Thursday, August 8th. Capital One Financial initiated coverage on shares of Host Hotels and Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price target for the company. Stifel Nicolaus set a $20.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Barclays set a $21.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $20.20.

Host Hotels and Resorts Company 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.

Read More: Understanding the Price to Earnings Ratio (PE)

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

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