CCM Investment Advisers LLC increased its stake in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 8.6% during the second quarter, Holdings Channel reports. The institutional investor owned 372,492 shares of the real estate investment trust’s stock after buying an additional 29,449 shares during the period. CCM Investment Advisers LLC’s holdings in Host Hotels & Resorts were worth $6,805,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in Host Hotels & Resorts by 1.7% in the second quarter. Rhumbline Advisers now owns 1,410,384 shares of the real estate investment trust’s stock valued at $25,768,000 after buying an additional 23,480 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Host Hotels & Resorts by 14.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 66,995 shares of the real estate investment trust’s stock valued at $1,287,000 after buying an additional 8,694 shares in the last quarter. Arizona State Retirement System increased its stake in Host Hotels & Resorts by 0.3% in the second quarter. Arizona State Retirement System now owns 183,480 shares of the real estate investment trust’s stock valued at $3,352,000 after buying an additional 500 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Host Hotels & Resorts by 8.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 6,429,358 shares of the real estate investment trust’s stock valued at $117,465,000 after buying an additional 506,190 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Host Hotels & Resorts by 10.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,277,422 shares of the real estate investment trust’s stock valued at $23,338,000 after buying an additional 115,700 shares in the last quarter.

Host Hotels & Resorts, Inc. (NYSE:HST) opened at 17.85 on Friday. The firm has a 50-day moving average of $18.39 and a 200 day moving average of $18.31. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 22.09 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21.

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, beating the Zacks’ 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 company’s revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. On average, analysts predict that Host Hotels & Resorts, Inc. will post $0.79 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date was Wednesday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 100.00%.

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Several research firms have recently weighed in on HST. BidaskClub downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Barclays PLC reaffirmed a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Boenning Scattergood reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price target on shares of Host Hotels & Resorts in a research note on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.44.

In related 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 value of $58,341.69. Following the transaction, the executive vice president now directly owns 43,035 shares of the company’s stock, valued at approximately $818,095.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company 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.

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NYSE:HST).

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

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