Daiwa Securities Group Lowers stake in Host Hotels and Resorts Inc (HST)

Host Hotels and Resorts Inc (HST) : Daiwa Securities Group reduced its stake in Host Hotels and Resorts Inc by 0.24% during the most recent quarter end. The investment management company now holds a total of 26,863,525 shares of Host Hotels and Resorts Inc which is valued at $460,440,819 after selling 64,391 shares in Host Hotels and Resorts Inc , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Host Hotels and Resorts Inc makes up approximately 2.75% of Daiwa Securities Group’s portfolio.

Other Hedge Funds, Including , Sanders Morris Harris boosted its stake in HST in the latest quarter, The investment management firm added 855 additional shares and now holds a total of 41,842 shares of Host Hotels and Resorts Inc which is valued at $717,172. Host Hotels and Resorts Inc makes up approx 0.18% of Sanders Morris Harris’s portfolio. Gradient Investments sold out all of its stake in HST during the most recent quarter. The investment firm sold 204 shares of HST which is valued $3,486.American Investment Services reduced its stake in HST by selling 1,726 shares or 7.58% in the most recent quarter. The Hedge Fund company now holds 21,055 shares of HST which is valued at $346,986. Host Hotels and Resorts Inc makes up approx 0.15% of American Investment Services’s portfolio.Integrated Investment Consultants boosted its stake in HST in the latest quarter, The investment management firm added 42 additional shares and now holds a total of 2,912 shares of Host Hotels and Resorts Inc which is valued at $46,854. Host Hotels and Resorts Inc makes up approx 0.02% of Integrated Investment Consultants’s portfolio.

Host Hotels and Resorts Inc opened for trading at $17.25 and hit $17.84 on the upside on Friday, eventually ending the session at $17.74, with a gain of 2.66% or 0.46 points. The heightened volatility saw the trading volume jump to 1,72,98,122 shares. Company has a market cap of $13,257 M.

On the company’s financial health, Host Hotels and Resorts Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $1459.00 million for the quarter, compared to analysts expectations of $1463.60 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Host Hotels and Resorts Inc. Shares were Downgraded by JP Morgan on Jul 13, 2016 to ” Underweight” and Lowered the Price Target to $ 15 from a previous price target of $16 .Host Hotels and Resorts Inc was Upgraded by Raymond James to ” Mkt Perform” on May 18, 2016.

Host Hotels & Resorts Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc. owns properties and conducts operations through Host Hotels & Resorts L.P. (Host L.P.) of which Host Inc. is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31 2014. As of February 20 2015 the Company’s lodging portfolio consists of 114 luxury and upper-upscale hotels containing approximately 59000 rooms with the majority located in the United States and with 17 of the properties located outside of the United States in Australia Brazil Canada Chile Mexico and New Zealand. In addition the Company owns non-controlling interests in two international joint ventures.

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