Nomura Asset Management Co. Ltd. Has $10.09 Million Stake in Host Hotels and Resorts Inc (HST)

Nomura Asset Management Co. Ltd. trimmed its stake in Host Hotels and Resorts Inc (NYSE:HST) by 8.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,748 shares of the real estate investment trust’s stock after selling 53,095 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.07% of Host Hotels and Resorts worth $10,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Host Hotels and Resorts by 77.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 97,977 shares of the real estate investment trust’s stock valued at $1,819,000 after purchasing an additional 42,800 shares during the last quarter. Stifel Financial Corp boosted its stake in Host Hotels and Resorts by 1.1% during the 3rd quarter. Stifel Financial Corp now owns 720,712 shares of the real estate investment trust’s stock valued at $13,340,000 after purchasing an additional 7,906 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in Host Hotels and Resorts by 38.3% during the 3rd quarter. Pinebridge Investments L.P. now owns 109,841 shares of the real estate investment trust’s stock valued at $2,031,000 after purchasing an additional 30,416 shares in the last quarter. Sarasin & Partners LLP boosted its stake in Host Hotels and Resorts by 7.2% during the 3rd quarter. Sarasin & Partners LLP now owns 284,901 shares of the real estate investment trust’s stock valued at $5,268,000 after purchasing an additional 19,041 shares in the last quarter. Finally, KBC Group NV boosted its stake in Host Hotels and Resorts by 2.1% during the 3rd quarter. KBC Group NV now owns 440,304 shares of the real estate investment trust’s stock valued at $8,141,000 after purchasing an additional 8,967 shares in the last quarter.

Host Hotels and Resorts Inc (NYSE:HST) traded down $0.12 on Thursday, hitting $19.61. 6,597,400 shares of the stock traded hands, compared to its average volume of 7,257,222. Host Hotels and Resorts Inc has a 52 week low of $17.26 and a 52 week high of $20.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62. The firm has a market capitalization of $14,601.94, a PE ratio of 11.81, a PEG ratio of 2.38 and a beta of 1.28.

Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. Host Hotels and Resorts’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.37 earnings per share. equities research analysts anticipate that Host Hotels and Resorts Inc will post 1.66 EPS for the current fiscal year.

A number of equities analysts have issued reports on HST shares. Deutsche Bank raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and increased their price target for the company from $18.00 to $21.00 in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Host Hotels and Resorts in a research note on Friday, September 8th. Cantor Fitzgerald restated a “buy” rating and issued a $21.00 target price on shares of Host Hotels and Resorts in a report on Monday, November 6th. Zacks Investment Research lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Finally, Wells Fargo & Company upgraded Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $20.19.

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Host Hotels and Resorts Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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