Trading Report: The Trillium Asset Management LLC Sold shares of Host Hotels & Resorts Inc. (HST)

The Trillium Asset Management LLC Sold shares of Host Hotels & Resorts Inc. (HST)

Trillium Asset Management LLC decreased its stake in Host Hotels & Resorts Inc. (NYSE:HST) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,489 shares of the company’s stock after selling 257 shares during the period. Trillium Asset Management LLC’s holdings in Host Hotels & Resorts were worth $770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Host Hotels & Resorts by 4.2% in the first quarter. Legal & General Group Plc now owns 4,623,233 shares of the company’s stock valued at $77,204,000 after buying an additional 184,359 shares during the period. DNB Asset Management AS increased its stake in Host Hotels & Resorts by 1.6% in the second quarter. DNB Asset Management AS now owns 138,696 shares of the company’s stock valued at $2,248,000 after buying an additional 2,200 shares in the last quarter. Strs Ohio increased its stake in Host Hotels & Resorts by 6.6% in the second quarter. Strs Ohio now owns 3,724,999 shares of the company’s stock valued at $60,382,000 after buying an additional 229,528 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Host Hotels & Resorts by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 374,580 shares of the company’s stock valued at $6,255,000 after buying an additional 35,910 shares in the last quarter. Finally, Chilton Capital Management LLC increased its stake in Host Hotels & Resorts by 20.4% in the first quarter. Chilton Capital Management LLC now owns 432,617 shares of the company’s stock valued at $7,225,000 after buying an additional 73,371 shares in the last quarter.

Host Hotels & Resorts Inc. (NYSE:HST) traded down 0.39% during midday trading on Friday, reaching $15.49. 7,481,340 shares of the company’s stock traded hands. The company has a market cap of $11.50 billion, a P/E ratio of 14.92 and a beta of 1.57. The stock has a 50-day moving average of $16.64 and a 200 day moving average of $16.40. Host Hotels & Resorts Inc. has a 52-week low of $12.17 and a 52-week high of $18.56.

Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Friday, July 29th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.49. The company earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Host Hotels & Resorts had a net margin of 14.34% and a return on equity of 10.97%. Host Hotels & Resorts’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 earnings per share. On average, analysts anticipate that Host Hotels & Resorts Inc. will post $1.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 annualized dividend and a yield of 5.16%. Host Hotels & Resorts’s dividend payout ratio is 76.92%.

Several research firms recently issued reports on HST. Deutsche Bank AG reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a report on Sunday, June 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $17.50 price objective on shares of Host Hotels & Resorts in a report on Friday. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $16.00 to $15.00 in a report on Wednesday, July 13th. BTIG Research began coverage on shares of Host Hotels & Resorts in a report on Thursday, August 25th. They set a “neutral” rating for the company. Finally, Evercore ISI downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, July 20th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Host Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $17.63.

In related news, CFO Gregory J. Larson sold 40,000 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.22, for a total transaction of $728,800.00. Following the completion of the sale, the chief financial officer now owns 124,929 shares of the company’s stock, valued at $2,276,206.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brian G. Macnamara sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $18.21, for a total transaction of $91,050.00. Following the sale, the senior vice president now directly owns 54,172 shares of the company’s stock, valued at approximately $986,472.12. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).

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