Laurion Capital Management LP Buys Shares of 271,932 Host Hotels & Resorts, Inc. (HST)

Laurion Capital Management LP bought a new position in Host Hotels & Resorts, Inc. (NYSE:HST) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 271,932 shares of the real estate investment trust’s stock, valued at approximately $4,968,000.

Several other large investors have also added to or reduced their stakes in the company. Stevens Capital Management LP purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth about $9,243,000. Investment Centers of America Inc. grew its position in shares of Host Hotels & Resorts by 25.8% in the 2nd quarter. Investment Centers of America Inc. now owns 36,324 shares of the real estate investment trust’s stock worth $665,000 after buying an additional 7,442 shares during the period. BT Investment Management Ltd purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth about $5,760,000. Amalgamated Bank grew its position in shares of Host Hotels & Resorts by 59.2% in the 2nd quarter. Amalgamated Bank now owns 82,392 shares of the real estate investment trust’s stock worth $1,505,000 after buying an additional 30,644 shares during the period. Finally, BlackRock Inc. grew its position in shares of Host Hotels & Resorts by 3.7% in the 2nd quarter. BlackRock Inc. now owns 76,176,196 shares of the real estate investment trust’s stock worth $1,391,737,000 after buying an additional 2,707,618 shares during the period.

Shares of Host Hotels & Resorts, Inc. (NYSE:HST) traded down 0.11% during trading on Friday, hitting $18.25. 6,363,655 shares of the stock traded hands. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of 22.59 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 52-week low of $14.69 and a 52-week high of $20.21. The stock has a 50 day moving average of $18.08 and a 200 day moving average of $18.25.

Host Hotels & Resorts (NYSE:HST) last issued 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 analyst estimates of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. Host Hotels & Resorts’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 earnings per share. Analysts expect that Host Hotels & Resorts, Inc. will post $0.78 EPS for the current year.

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HST has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. BidaskClub raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Tuesday, July 4th. Boenning Scattergood reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a research report on Friday, July 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. Host Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $18.33.

In related news, EVP Joanne G. Hamilton sold 3,069 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the sale, the executive vice president now owns 43,035 shares in the company, valued at $818,095.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

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.

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

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