Montecito Bank & Trust raised its stake in Host Hotels and Resorts Inc (NYSE:HST) by 37.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,779 shares of the real estate investment trust’s stock after purchasing an additional 6,246 shares during the quarter. Montecito Bank & Trust’s holdings in Host Hotels and Resorts were worth $480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NuWave Investment Management LLC purchased a new stake in shares of Host Hotels and Resorts in the second quarter worth approximately $169,000. Newman Dignan & Sheerar Inc. purchased a new stake in shares of Host Hotels and Resorts in the second quarter worth approximately $202,000. Park Avenue Securities LLC purchased a new stake in shares of Host Hotels and Resorts in the second quarter worth approximately $214,000. Hexavest Inc. raised its stake in shares of Host Hotels and Resorts by 26.6% in the third quarter. Hexavest Inc. now owns 12,754 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 2,677 shares during the last quarter. Finally, Lourd Capital LLC purchased a new stake in shares of Host Hotels and Resorts in the second quarter worth approximately $274,000. 99.44% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Host Hotels and Resorts from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Robert W. Baird increased their price objective on Host Hotels and Resorts from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $21.87.

HST stock opened at $19.18 on Friday. The company has a market capitalization of $15.65 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 3.33. Host Hotels and Resorts Inc has a 12-month low of $17.93 and a 12-month high of $22.47.

Host Hotels and Resorts (NYSE:HST) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.23). The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. Analysts anticipate that Host Hotels and Resorts Inc will post 1.75 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, September 27th. Host Hotels and Resorts’s dividend payout ratio is presently 47.34%.

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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

Further Reading: Why is the conference call important?

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels and Resorts Inc (NYSE:HST).

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

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.