Shares of Host Hotels and Resorts Inc (NYSE:HST) ended Tuesday session in red amid volatile trading. The shares closed down -0.17 points or -1.05% at $16.02 with 13.11 million shares getting traded. Post opening the session at $16.04, the shares hit an intraday low of $15.84 and an intraday high of $16.18 and the price vacillated in this range throughout the day. The company has a market cap of $11.89 billion and the numbers of outstanding shares have been calculated to be 742.48 million shares.
Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels. It was formerly known as Host Marriott Corporation. Host Hotels & Resorts, Inc. was founded in 1927 and is based in Bethesda, Maryland.
Shares of Morgan Stanley (NYSE:MS) ended Tuesday session in red amid volatile trading. The shares closed down -0.78 points or -2.42% at $31.46 with 13.95 million shares getting traded. Post opening the session at $31.69, the shares hit an intraday low of $31.27 and an intraday high of $32.00 and the price vacillated in this range throughout the day. The company has a market cap of $61.38 billion and the numbers of outstanding shares have been calculated to be 1.91 billion shares.
on August 23, 2016 Investment funds managed by Morgan Stanley Energy Partners (collectively, “MSEP”), part of Morgan Stanley Investment Management, and Midland, TX-based XRI Holdings, LLC (“XRI Blue” or the “Company”), an affiliate of Entia Ventures, announced a strategic partnership whereby MSEP has made a majority equity investment in XRI Blue to support the growth of XRI Blue’s successful midstream services business in the Permian Basin. Terms of the transaction were not disclosed.
XRI Blue is a leading water supply and pipeline transportation company providing world class water logistic solutions to upstream oil and gas producers in the Permian Basin of West Texas and New Mexico. The partnership with MSEP provides the Company with additional resources to accelerate the expansion of XRI Blue’s asset base, capabilities and portfolio of services offered to its customers.
XRI Blue’s senior management team, including Matthew Gabriel, Christopher Harich and Christopher Downs, has significant technical and operational water resource management experience and will continue to serve as the senior leadership team of the Company.
Matthew Gabriel, Co-Founder and Chief Executive Officer of XRI Blue, said, “We are very excited about this partnership and view Morgan Stanley Energy Partners as the ideal partner to support our long-term strategic plan to expand our existing asset base and provide best-in-class, environmentally-responsible water sourcing, water transportation and disposal solutions to our customers.”