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Cohen & Steers Inc. increased stake in Host Hotels & Resorts Inc

Stock MarketsApr 12, 2021 09:00AM ET
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© Reuters. Cohen & Steers Inc. increased stake in Host Hotels & Resorts Inc

On the 31st of March, Cohen & Steers (NYSE:CNS) Inc. bought 47 million Host Hotels & Resorts Inc (NASDAQ:HST) shares for $787 million at an average price of $16.85 per share. Shares of Host Hotels & Resorts Inc are up 2.91% since the transaction.

Cohen & Steers Inc. 's holding in Host Hotels & Resorts Inc increased to about 73 million shares with the purchase.

Cohen & Steers Inc. first bought Host Hotels & Resorts Inc stock in the fourth quarter of 2004. Cohen & Steers Inc. also owns Simon Property Group Inc (NYSE:SPG), Public Storage (NYSE:PSA), Healthpeak Properties Inc (NYSE:PEAK) and Duke Realty Corp (NYSE:DRE). Host Hotels & Resorts Inc is its number six position by number of shares and market value among real estate investment trusts stocks.

Other investors who also added to their Host Hotels & Resorts Inc shares include Eaton Vance (NYSE:EV) Management, Fort Washington Investment Advisors, and Centersquare Investment Management. Contrary to Cohen & Steers Inc., California State Teachers Retirement System, Citigroup (NYSE:C), and the T. Rowe Price Equity Income Fund reduced HST shares, while Millennium Management sold all their HST shares.

Cohen & Steers Inc. has also recently sold all their shares in Apartment Investment and Management Co (AIV). This asset alone constituted 1.3% of their pre-sale portfolio. Cohen & Steers Inc. also reduced their share in Essex Property Trust Inc (NYSE:ESS), SITE Centers Corp (NYSE:SITC), Welltower Inc (WELL), Medical Properties Trust Inc (NYSE:MPW), Public Storage, Agree Realty Corp (NYSE:ADC), Columbia Property Trust Inc (NYSE:CXP), Kilroy Realty Corp (NYSE:KRC), UDR Inc (UDR) and Broadstone Net Lease, Inc. (BNL). The total value of the shares sold is estimated at around $6.4 billion.

Additionally, Cohen & Steers Inc. increased their share in Simon Property Group Inc, Healthpeak Properties Inc, Regency Centers Corp (NASDAQ:REG), Sun Communities Inc (NYSE:SUI), Extra Space Storage Inc (NYSE:EXR), Ventas Inc (NYSE:VTR) and Spirit Realty Capital Inc (NYSE:SRC). The total value of the shares bought is estimated at around $1.5 billion.

Cohen & Steers Inc. also reduced their share in Hudson Pacific Properties Inc (NYSE:HPP), Red Rock Resorts Inc (NASDAQ:RRR) and VICI Properties Inc (NYSE:VICI). The total value of the shares sold is estimated at around $72 million.

Additionally, Cohen & Steers Inc. increased their share in Boyd Gaming (NYSE:BYD), Jones Lang Lasalle Inc (NYSE:JLL), Sabra Health Care REIT Inc (NYSE:WELL) (SBRA), Healthcare Trust of America Inc (HTA), CyrusOne Inc (NASDAQ:CONE), Invitation Homes Inc (NYSE:INVH) and Americold Realty Trust (NYSE:COLD). The total value of the shares bought is estimated at around $1.6 billion.

Cohen & Steers Inc. increased stake in Host Hotels & Resorts Inc
 

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