Cleararc Capital Inc. Lowers Stake in Host Hotels & Resorts, Inc. (HST)

Cleararc Capital Inc. reduced its stake in Host Hotels & Resorts, Inc. (NYSE:HST) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,978 shares of the company’s stock after selling 209 shares during the period. Cleararc Capital Inc.’s holdings in Host Hotels & Resorts were worth $339,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Franklin Resources Inc. boosted its stake in shares of Host Hotels & Resorts by 1,605.4% in the second quarter. Franklin Resources Inc. now owns 25,831,665 shares of the company’s stock valued at $418,731,000 after buying an additional 24,316,931 shares in the last quarter. Standard Life Investments LTD purchased a new stake in shares of Host Hotels & Resorts during the third quarter valued at $72,918,000. APG Asset Management N.V. boosted its stake in shares of Host Hotels & Resorts by 712.6% in the third quarter. APG Asset Management N.V. now owns 3,082,408 shares of the company’s stock valued at $47,993,000 after buying an additional 2,703,100 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at $46,619,000. Finally, Prudential Financial Inc. boosted its stake in shares of Host Hotels & Resorts by 89.5% in the third quarter. Prudential Financial Inc. now owns 2,360,066 shares of the company’s stock worth $36,747,000 after buying an additional 1,114,644 shares during the period.

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

Shares of Host Hotels & Resorts, Inc. (NYSE:HST) traded down 0.27% during mid-day trading on Tuesday, hitting $18.51. The stock had a trading volume of 3,309,510 shares. The firm has a 50 day moving average price of $18.35 and a 200 day moving average price of $17.29. The firm has a market cap of $13.69 billion, a PE ratio of 17.48 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 52-week low of $14.30 and a 52-week high of $19.51.

The business also recently announced a special dividend, which was paid on Tuesday, January 17th. Investors of record on Friday, December 30th were paid a $0.05 dividend. This represents a yield of 4.21%. The ex-dividend date of this dividend was Wednesday, December 28th. Host Hotels & Resorts’s payout ratio is currently 74.77%.

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A number of brokerages recently weighed in on HST. Zacks Investment Research upgraded Host Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, December 15th. Canaccord Genuity restated a “hold” rating and set a $17.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, December 15th. Morgan Stanley restated an “equal weight” rating and set a $14.00 price objective (down from $15.00) on shares of Host Hotels & Resorts in a research note on Tuesday, November 15th. Cantor Fitzgerald set a $18.00 price objective on Host Hotels & Resorts and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, Argus cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $17.39.

In other Host Hotels & Resorts news, Chairman Richard E. Marriott sold 50,000 shares of the stock in a transaction on Friday, December 23rd. The stock was sold at an average price of $18.44, for a total transaction of $922,000.00. Following the transaction, the chairman now owns 5,365,245 shares of the company’s stock, valued at approximately $98,935,117.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Brian G. Macnamara sold 8,427 shares of the stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $19.38, for a total value of $163,315.26. Following the transaction, the senior vice president now directly owns 45,745 shares in the company, valued at approximately $886,538.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 724,629 shares of company stock worth $13,725,013. 1.90% of the stock is owned by corporate insiders.

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).

5 Day Chart for NYSE:HST

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