Systematic Financial Management LP boosted its position in shares of Host Hotels and Resorts Inc (NYSE:HST) by 22.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,242,888 shares of the real estate investment trust’s stock after acquiring an additional 418,005 shares during the quarter. Host Hotels and Resorts accounts for 0.9% of Systematic Financial Management LP’s investment portfolio, making the stock its 16th largest holding. Systematic Financial Management LP’s holdings in Host Hotels and Resorts were worth $44,521,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new stake in Host Hotels and Resorts during the 3rd quarter worth approximately $154,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Host Hotels and Resorts during the 4th quarter worth approximately $188,000. Penserra Capital Management LLC bought a new stake in Host Hotels and Resorts during the 3rd quarter worth approximately $177,000. IFP Advisors Inc raised its stake in Host Hotels and Resorts by 695.1% during the 4th quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock worth $197,000 after acquiring an additional 8,668 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Host Hotels and Resorts during the 4th quarter worth approximately $216,000.
In related news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $20.45, for a total value of $1,227,000.00. Following the completion of the transaction, the executive vice president now directly owns 168,905 shares of the company’s stock, valued at $3,454,107.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.
Host Hotels and Resorts Inc (NYSE:HST) opened at $19.88 on Monday. Host Hotels and Resorts Inc has a fifty-two week low of $17.26 and a fifty-two week high of $21.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market cap of $14,712.95, a price-to-earnings ratio of 11.90, a P/E/G ratio of 2.41 and a beta of 1.26.
A number of equities research analysts have commented on the stock. Deutsche Bank set a $23.00 target price on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Friday, February 9th. Raymond James Financial raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday, January 8th. BTIG Research raised shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Monday, December 4th. Robert W. Baird set a $21.00 price objective on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Wolfe Research initiated coverage on shares of Host Hotels and Resorts in a report on Wednesday, November 29th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $20.63.
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About Host Hotels and 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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