M&T Bank Corp Buys 1,871 Shares of Host Hotels & Resorts, Inc. (NYSE:HST)

M&T Bank Corp increased its holdings in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,061 shares of the real estate investment trust’s stock after acquiring an additional 1,871 shares during the period. M&T Bank Corp’s holdings in Host Hotels & Resorts were worth $756,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HST. Brookfield Asset Management Inc. bought a new stake in Host Hotels & Resorts during the second quarter worth about $83,363,000. Cbre Clarion Securities LLC boosted its stake in Host Hotels & Resorts by 5,751.4% during the second quarter. Cbre Clarion Securities LLC now owns 3,975,534 shares of the real estate investment trust’s stock worth $42,896,000 after acquiring an additional 3,907,592 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in Host Hotels & Resorts by 75.1% during the second quarter. Nuveen Asset Management LLC now owns 7,611,386 shares of the real estate investment trust’s stock worth $82,126,000 after acquiring an additional 3,263,370 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Host Hotels & Resorts by 28.8% during the third quarter. Daiwa Securities Group Inc. now owns 13,877,702 shares of the real estate investment trust’s stock worth $149,741,000 after acquiring an additional 3,100,974 shares in the last quarter. Finally, Anchor Capital Advisors LLC bought a new stake in Host Hotels & Resorts during the second quarter worth about $32,489,000. 96.21% of the stock is currently owned by institutional investors and hedge funds.

HST opened at $14.15 on Friday. The company has a quick ratio of 23.29, a current ratio of 23.29 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average price of $11.61 and a 200-day moving average price of $11.39. Host Hotels & Resorts, Inc. has a twelve month low of $7.86 and a twelve month high of $18.90. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 117.92 and a beta of 1.20.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings data on Wednesday, November 4th. The real estate investment trust reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.01. Host Hotels & Resorts had a net margin of 2.48% and a return on equity of 1.30%. The firm had revenue of $198.00 million during the quarter, compared to analysts’ expectations of $231.84 million. During the same period in the previous year, the company earned $0.50 earnings per share. The firm’s quarterly revenue was down 84.3% on a year-over-year basis. As a group, analysts expect that Host Hotels & Resorts, Inc. will post -0.44 earnings per share for the current year.

Several equities research analysts recently commented on the stock. TheStreet lowered shares of Host Hotels & Resorts from a “c” rating to a “d+” rating in a research note on Thursday, July 30th. Bank of America lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.50 to $12.00 in a research note on Tuesday, September 29th. Compass Point initiated coverage on shares of Host Hotels & Resorts in a report on Monday, October 5th. They issued a “neutral” rating and a $12.00 target price for the company. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Finally, BMO Capital Markets raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $14.00 in a report on Tuesday, October 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Host Hotels & Resorts has an average rating of “Hold” and a consensus price target of $13.19.

In related news, SVP Brian G. Macnamara sold 17,527 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $12.86, for a total transaction of $225,397.22. 1.20% of the stock is owned by insiders.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 75 properties in the United States and five properties internationally totaling approximately 46,700 rooms.

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

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