1,350,000 Shares in Host Hotels and Resorts Inc (NYSE:HST) Purchased by Long Pond Capital LP

Long Pond Capital LP purchased a new position in shares of Host Hotels and Resorts Inc (NYSE:HST) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,350,000 shares of the real estate investment trust’s stock, valued at approximately $24,597,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HST. Geode Capital Management LLC raised its position in shares of Host Hotels and Resorts by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 12,077,527 shares of the real estate investment trust’s stock worth $201,051,000 after purchasing an additional 858,560 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Host Hotels and Resorts by 1.6% during the 1st quarter. Janus Henderson Group PLC now owns 228,733 shares of the real estate investment trust’s stock worth $4,324,000 after purchasing an additional 3,580 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Host Hotels and Resorts by 1.8% during the 1st quarter. Victory Capital Management Inc. now owns 224,430 shares of the real estate investment trust’s stock worth $4,242,000 after purchasing an additional 3,979 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Host Hotels and Resorts by 1.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 131,943 shares of the real estate investment trust’s stock worth $2,494,000 after purchasing an additional 1,911 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of Host Hotels and Resorts by 0.4% during the 1st quarter. State Treasurer State of Michigan now owns 213,400 shares of the real estate investment trust’s stock worth $4,033,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

HST stock opened at $17.41 on Friday. The company has a market cap of $12.47 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 1.98 and a beta of 1.14. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52. Host Hotels and Resorts Inc has a 12 month low of $15.51 and a 12 month high of $21.62. The firm has a 50-day moving average of $16.55 and a two-hundred day moving average of $18.27.

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

Several research firms recently weighed in on HST. Barclays set a $21.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. Stifel Nicolaus set a $20.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. ValuEngine downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price objective on shares of Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Friday, September 6th. Finally, Capital One Financial assumed coverage on shares of Host Hotels and Resorts in a report on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price objective for the company. Four 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.20.

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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