Pacer Advisors Inc. Has $507,000 Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Pacer Advisors Inc. reduced its holdings in Host Hotels & Resorts by 38.8% during the first quarter, now owning 35,714 shares valued at $507,000.
• Other institutional investors significantly increased their positions, with NBC Securities Inc. up 185,200.0% and Versant Capital Management Inc. up 696.3% in the same period.
• Host Hotels & Resorts reported a quarterly EPS of $0.58, exceeding the consensus estimate, and announced a quarterly dividend of $0.20 per share.

Pacer Advisors Inc. reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 38.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,714 shares of the company's stock after selling 22,670 shares during the period. Pacer Advisors Inc.'s holdings in Host Hotels & Resorts were worth $507,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. raised its position in Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company's stock valued at $876,115,000 after purchasing an additional 3,932,928 shares during the period. Invesco Ltd. increased its position in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company's stock worth $395,171,000 after acquiring an additional 4,460,468 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Host Hotels & Resorts by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company's stock worth $336,539,000 after acquiring an additional 350,634 shares during the last quarter. Northern Trust Corp increased its position in shares of Host Hotels & Resorts by 43.3% during the fourth quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its position in shares of Host Hotels & Resorts by 12.3% during the fourth quarter. Centersquare Investment Management LLC now owns 11,052,156 shares of the company's stock worth $193,634,000 after acquiring an additional 1,213,970 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST traded down $0.30 during trading on Tuesday, hitting $15.40. The company had a trading volume of 8,594,221 shares, compared to its average volume of 9,823,695. The business's 50-day moving average is $15.91 and its 200 day moving average is $15.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.20. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36. The company has a market cap of $10.68 billion, a P/E ratio of 16.38 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $0.57 earnings per share. Host Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Evercore ISI lifted their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Finally, Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $17.96.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.