Duff Phelps Investment Management Co Lowers stake in Host Hotels and Resorts Inc (HST)

Host Hotels and Resorts Inc (HST) : Duff Phelps Investment Management Co reduced its stake in Host Hotels and Resorts Inc by 4.17% during the most recent quarter end. The investment management company now holds a total of 1,581,242 shares of Host Hotels and Resorts Inc which is valued at $24,414,376 after selling 68,733 shares in Host Hotels and Resorts Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Host Hotels and Resorts Inc makes up approximately 0.35% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in HST in the latest quarter, The investment management firm added 4,246 additional shares and now holds a total of 183,415 shares of Host Hotels and Resorts Inc which is valued at $2,831,928. Host Hotels and Resorts Inc makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Atria Investments boosted its stake in HST in the latest quarter, The investment management firm added 7,624 additional shares and now holds a total of 103,762 shares of Host Hotels and Resorts Inc which is valued at $1,603,123. Host Hotels and Resorts Inc makes up approx 0.15% of Atria Investments’s portfolio. Dynamic Advisors Solutions added HST to its portfolio by purchasing 224,030 company shares during the most recent quarter which is valued at $3,515,031. Host Hotels and Resorts Inc makes up approx 1.34% of Dynamic Advisors Solutions’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in HST by selling 3,861 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 189,582 shares of HST which is valued at $2,936,625. Host Hotels and Resorts Inc makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.

Host Hotels and Resorts Inc closed down -0.07 points or -0.45% at $15.44 with 59,67,680 shares getting traded on Friday. Post opening the session at $15.6, the shares hit an intraday low of $15.44 and an intraday high of $15.69 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Host Hotels and Resorts Inc reported $0.49 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.49. The company had revenue of $1459.00 million for the quarter, compared to analysts expectations of $1463.60 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Many Wall Street Analysts have commented on Host Hotels and Resorts Inc. Host Hotels and Resorts Inc was Initiated by Goldman to “Neutral” on Sep 26, 2016. Shares were Downgraded by RBC Capital Mkts on Aug 1, 2016 to ” Sector Perform” and Lowered the Price Target to $ 18 from a previous price target of $19 .

Host Hotels & Resorts Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc. owns properties and conducts operations through Host Hotels & Resorts L.P. (Host L.P.) of which Host Inc. is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31 2014. As of February 20 2015 the Company’s lodging portfolio consists of 114 luxury and upper-upscale hotels containing approximately 59000 rooms with the majority located in the United States and with 17 of the properties located outside of the United States in Australia Brazil Canada Chile Mexico and New Zealand. In addition the Company owns non-controlling interests in two international joint ventures.

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