Host Hotels & Resorts, Inc. $HST Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 21.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,142,084 shares of the company’s stock after selling 314,606 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Host Hotels & Resorts worth $17,542,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Host Hotels & Resorts by 3.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company’s stock valued at $1,582,000 after acquiring an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Host Hotels & Resorts during the 1st quarter worth about $1,453,000. Nordea Investment Management AB grew its holdings in shares of Host Hotels & Resorts by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 250,568 shares of the company’s stock worth $3,849,000 after purchasing an additional 81,624 shares during the period. Ballentine Partners LLC purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth about $202,000. Finally, Cerity Partners LLC grew its holdings in shares of Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock worth $546,000 after purchasing an additional 9,508 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HST shares. Cantor Fitzgerald started coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 target price for the company. Truist Financial boosted their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group boosted their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Finally, Evercore ISI boosted their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.88.

Host Hotels & Resorts Stock Down 0.8%

NASDAQ HST opened at $16.49 on Friday. The stock has a market cap of $11.34 billion, a PE ratio of 17.54 and a beta of 1.36. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The business has a 50 day moving average price of $16.95 and a two-hundred day moving average price of $15.89. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.Host Hotels & Resorts’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 85.11%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.