Trading Report: The 24,518 Shares of Host Hotels & Resorts Inc. (HST) are sold by Chevy Chase Trust Holdings Inc.

The 24,518 Shares of Host Hotels & Resorts Inc. (HST) are sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. cut its position in Host Hotels & Resorts Inc. (NYSE:HST) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 625,605 shares of the company’s stock after selling 24,518 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Host Hotels & Resorts were worth $9,740,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HST. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Host Hotels & Resorts during the second quarter worth about $489,000. Kentucky Retirement Systems purchased a new stake in Host Hotels & Resorts during the second quarter worth about $1,030,000. KAMES CAPITAL plc bought a new position in Host Hotels & Resorts during the second quarter valued at $1,944,000. Mason Street Advisors LLC bought a new position in Host Hotels & Resorts during the second quarter valued at $1,632,000. Finally, CAPROCK Group Inc. bought a new position in Host Hotels & Resorts during the second quarter valued at $991,000.

Shares of Host Hotels & Resorts Inc. (NYSE:HST) traded up 0.30% during midday trading on Friday, hitting $16.94. The company had a trading volume of 2,057,025 shares. The company has a 50-day moving average of $15.86 and a 200 day moving average of $16.39. Host Hotels & Resorts Inc. has a 12 month low of $12.17 and a 12 month high of $18.56. The firm has a market capitalization of $12.53 billion, a PE ratio of 16.00 and a beta of 1.28.

Host Hotels & Resorts (NYSE:HST) last posted its earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 11.22% and a net margin of 14.72%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.34 earnings per share. On average, analysts expect that Host Hotels & Resorts Inc. will post $1.65 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada downgraded Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.00 to $18.00 in a research report on Monday, August 1st. RBC Capital Markets downgraded Host Hotels & Resorts from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.00 to $18.00 in a research report on Monday, August 1st. Morgan Stanley reissued a “hold” rating and set a $16.00 target price on shares of Host Hotels & Resorts in a research report on Tuesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $17.50 target price (down previously from $18.50) on shares of Host Hotels & Resorts in a research report on Friday, October 7th. Finally, Goldman Sachs Group Inc. assumed coverage on Host Hotels & Resorts in a research report on Monday, September 26th. They set a “neutral” rating and a $15.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $17.07.

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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