AE Wealth Management LLC Sells 57,940 Shares of Host Hotels and Resorts Inc (NYSE:HST)

AE Wealth Management LLC reduced its holdings in shares of Host Hotels and Resorts Inc (NYSE:HST) by 73.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,608 shares of the real estate investment trust’s stock after selling 57,940 shares during the quarter. AE Wealth Management LLC’s holdings in Host Hotels and Resorts were worth $356,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in Host Hotels and Resorts by 167.7% in the third quarter. Tower Research Capital LLC TRC now owns 19,921 shares of the real estate investment trust’s stock valued at $344,000 after purchasing an additional 12,480 shares during the last quarter. Green Street Investors LLC raised its position in Host Hotels and Resorts by 6.8% in the third quarter. Green Street Investors LLC now owns 478,300 shares of the real estate investment trust’s stock valued at $8,270,000 after purchasing an additional 30,600 shares during the last quarter. SG Americas Securities LLC raised its position in Host Hotels and Resorts by 107.6% in the third quarter. SG Americas Securities LLC now owns 2,109,306 shares of the real estate investment trust’s stock valued at $36,470,000 after purchasing an additional 1,093,272 shares during the last quarter. First Trust Advisors LP raised its position in Host Hotels and Resorts by 32.6% in the third quarter. First Trust Advisors LP now owns 2,048,304 shares of the real estate investment trust’s stock valued at $35,415,000 after purchasing an additional 504,145 shares during the last quarter. Finally, Unigestion Holding SA bought a new position in Host Hotels and Resorts in the third quarter valued at about $44,982,000. Institutional investors and hedge funds own 98.24% of the company’s stock.

Several research firms have commented on HST. Deutsche Bank dropped their target price on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research report on Monday, August 12th. BMO Capital Markets began coverage on Host Hotels and Resorts in a research report on Wednesday, October 16th. They issued an “outperform” rating and a $19.00 target price for the company. Finally, ValuEngine downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. Host Hotels and Resorts currently has an average rating of “Hold” and a consensus target price of $19.65.

Shares of HST stock opened at $17.22 on Tuesday. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 9.58, a PEG ratio of 1.95 and a beta of 1.11. The stock has a 50-day moving average of $16.79 and a 200-day moving average of $17.51. The company has a current ratio of 7.70, a quick ratio of 7.70 and a debt-to-equity ratio of 0.59. Host Hotels and Resorts Inc has a 1-year low of $15.51 and a 1-year high of $20.34.

Host Hotels and Resorts Company Profile

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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