BNP Paribas Arbitrage SNC Sells 744,931 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

BNP Paribas Arbitrage SNC reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) by 41.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,051,883 shares of the company’s stock after selling 744,931 shares during the quarter. BNP Paribas Arbitrage SNC’s holdings in Host Hotels & Resorts were worth $16,704,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in HST. Vanguard Group Inc. grew its stake in Host Hotels & Resorts by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 118,635,189 shares of the company’s stock valued at $1,883,928,000 after buying an additional 2,982,363 shares during the last quarter. BlackRock Inc. grew its stake in Host Hotels & Resorts by 1.8% in the 3rd quarter. BlackRock Inc. now owns 72,613,291 shares of the company’s stock valued at $1,153,101,000 after buying an additional 1,255,675 shares during the last quarter. State Street Corp grew its stake in Host Hotels & Resorts by 7.1% in the 1st quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after buying an additional 3,240,590 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Host Hotels & Resorts by 660.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,902,460 shares of the company’s stock valued at $531,591,000 after buying an additional 29,442,886 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Host Hotels & Resorts by 1.7% in the 1st quarter. Wellington Management Group LLP now owns 20,350,456 shares of the company’s stock valued at $395,409,000 after buying an additional 337,143 shares during the last quarter. Institutional investors and hedge funds own 97.07% of the company’s stock.

Analyst Ratings Changes

HST has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 in a research note on Thursday, February 16th. Morgan Stanley decreased their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 18th. Finally, Citigroup decreased their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, March 3rd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.73.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $15.96 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 18.14 and a beta of 1.29. The firm’s 50 day simple moving average is $17.43 and its 200 day simple moving average is $17.39. Host Hotels & Resorts, Inc. has a 1 year low of $15.10 and a 1 year high of $21.63.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.23). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. Host Hotels & Resorts had a return on equity of 9.43% and a net margin of 12.90%. The business’s revenue was up 26.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, research analysts expect that Host Hotels & Resorts, Inc. will post 1.74 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.01%. Host Hotels & Resorts’s dividend payout ratio is 54.55%.

Host Hotels & Resorts Company Profile

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. The firm operates through the Hotel Ownership segment. Its properties are located in the U.S., Brazil, Canada, and Mexico. The company was founded in 1927 and is headquartered in Bethesda, MD.