CIBC Asset Management Inc reduced its stake in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 18.5% during the second quarter, Holdings Channel reports. The fund owned 71,353 shares of the real estate investment trust’s stock after selling 16,203 shares during the period. CIBC Asset Management Inc’s holdings in Host Hotels & Resorts were worth $1,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HST. Chevy Chase Trust Holdings Inc. raised its position in Host Hotels & Resorts by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 643,145 shares of the real estate investment trust’s stock valued at $12,001,000 after buying an additional 19,035 shares during the last quarter. Creative Planning increased its stake in Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 136 shares during the period. Gulf International Bank UK Ltd increased its stake in Host Hotels & Resorts by 6.0% in the first quarter. Gulf International Bank UK Ltd now owns 231,822 shares of the real estate investment trust’s stock worth $4,325,000 after buying an additional 13,100 shares during the period. National Pension Service increased its stake in Host Hotels & Resorts by 1.6% in the first quarter. National Pension Service now owns 685,688 shares of the real estate investment trust’s stock worth $12,713,000 after buying an additional 10,876 shares during the period. Finally, Capstone Asset Management Co. increased its stake in Host Hotels & Resorts by 4.2% in the first quarter. Capstone Asset Management Co. now owns 75,598 shares of the real estate investment trust’s stock worth $1,411,000 after buying an additional 3,050 shares during the period.

Shares of Host Hotels & Resorts, Inc. (NYSE:HST) opened at 17.83 on Friday. The stock has a 50 day moving average price of $18.41 and a 200 day moving average price of $18.31. Host Hotels & Resorts, Inc. has a 12 month low of $14.69 and a 12 month high of $20.21. The stock has a market cap of $13.20 billion, a P/E ratio of 22.07 and a beta of 1.33.

Host Hotels & Resorts (NYSE:HST) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. Equities analysts anticipate that Host Hotels & Resorts, Inc. will post $0.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.49%. The ex-dividend date was Wednesday, June 28th. Host Hotels & Resorts’s payout ratio is 100.00%.

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A number of research firms have issued reports on HST. BidaskClub raised Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 4th. Barclays PLC reissued a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $18.44.

In other Host Hotels & Resorts news, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total transaction of $58,341.69. Following the transaction, the executive vice president now directly owns 43,035 shares of the company’s stock, valued at $818,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% 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 (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 & Resorts (NYSE:HST)

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