Host Hotels and Resorts Inc (HST) Stake Cut by MAI Capital Management

Host Hotels and Resorts Inc (HST) Stake Cut by MAI Capital Management

MAI Capital Management lessened its holdings in Host Hotels and Resorts Inc (NYSE:HST) by 11.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,152 shares of the real estate investment trust’s stock after selling 1,259 shares during the period. MAI Capital Management’s holdings in Host Hotels and Resorts were worth $169,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Private Capital Group LLC grew its position in Host Hotels and Resorts by 44.7% in the fourth quarter. Private Capital Group LLC now owns 2,274 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 703 shares in the last quarter. We Are One Seven LLC bought a new position in shares of Host Hotels and Resorts during the fourth quarter valued at about $56,000. San Francisco Sentry Investment Group CA raised its stake in Host Hotels and Resorts by 2,290.9% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,575 shares of the real estate investment trust’s stock worth $139,000 after buying an additional 6,300 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Host Hotels and Resorts by 588.7% in the third quarter. Rehmann Capital Advisory Group now owns 8,967 shares of the real estate investment trust’s stock worth $189,000 after buying an additional 7,665 shares in the last quarter. Finally, Blair William & Co. IL bought a new position in Host Hotels and Resorts in the third quarter worth about $209,000. 97.76% of the stock is currently owned by institutional investors.

HST has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. Wells Fargo & Co set a $22.00 price target on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Evercore ISI upgraded shares of Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research note on Tuesday, December 18th. Barclays upgraded shares of Host Hotels and Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $23.00 to $22.00 in a research note on Tuesday, December 18th. Finally, Morgan Stanley downgraded shares of Host Hotels and Resorts from an “equal weight” rating to an “underweight” rating in a report on Thursday, December 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.50.

NYSE:HST traded down $0.04 on Monday, hitting $17.93. The company’s stock had a trading volume of 1,957,243 shares, compared to its average volume of 6,781,660. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 2.10 and a beta of 1.21. The company has a quick ratio of 5.32, a current ratio of 5.32 and a debt-to-equity ratio of 0.55. Host Hotels and Resorts Inc has a one year low of $15.94 and a one year high of $22.47.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were paid a dividend of $0.20 per share. The ex-dividend date was Friday, December 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.46%. Host Hotels and Resorts’s dividend payout ratio (DPR) is currently 47.34%.

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.

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