Tower Square Investment Management Lowers stake in Host Hotels and Resorts Inc (HST)

Host Hotels and Resorts Inc (HST) : Tower Square Investment Management reduced its stake in Host Hotels and Resorts Inc by 11.03% during the most recent quarter end. The investment management company now holds a total of 69,197 shares of Host Hotels and Resorts Inc which is valued at $1,246,930 after selling 8,580 shares in Host Hotels and Resorts Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Host Hotels and Resorts Inc makes up approximately 0.71% of Tower Square Investment Management’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc reduced its stake in HST by selling 33,567 shares or 49.12% in the most recent quarter. The Hedge Fund company now holds 34,763 shares of HST which is valued at $626,429.Apg Asset Management N.v. boosted its stake in HST in the latest quarter, The investment management firm added 110,200 additional shares and now holds a total of 379,308 shares of Host Hotels and Resorts Inc which is valued at $6,835,130. Host Hotels and Resorts Inc makes up approx 0.01% of Apg Asset Management N.v.’s portfolio. Pacad Investment Ltd. sold out all of its stake in HST during the most recent quarter. The investment firm sold 53,722 shares of HST which is valued $968,070.Mizuho Asset Managementltd. reduced its stake in HST by selling 212 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 129,890 shares of HST which is valued at $2,340,618. Host Hotels and Resorts Inc makes up approx 0.41% of Mizuho Asset Managementltd.’s portfolio.World Asset Management Inc boosted its stake in HST in the latest quarter, The investment management firm added 1,363 additional shares and now holds a total of 92,027 shares of Host Hotels and Resorts Inc which is valued at $1,615,074. Host Hotels and Resorts Inc makes up approx 0.06% of World Asset Management Inc’s portfolio.

Host Hotels and Resorts Inc closed down -0.25 points or -1.40% at $17.57 with 1,09,95,597 shares getting traded on Thursday. Post opening the session at $17.88, the shares hit an intraday low of $17.295 and an intraday high of $17.88 and the price fluctuated in this range throughout the day.Shares ended Thursday 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. 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 .Shares were Downgraded by JP Morgan on Jul 13, 2016 to ” Underweight” and Lowered the Price Target to $ 15 from a previous price target of $16 .Host Hotels and Resorts Inc was Upgraded by Raymond James to ” Mkt Perform” on May 18, 2016.

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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