Caitong International Asset Management Co. Ltd Cuts Holdings in Host Hotels & Resorts, Inc. $HST

Caitong International Asset Management Co. Ltd reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 72.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,990 shares of the company’s stock after selling 5,315 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Host Hotels & Resorts were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Invesco Ltd. increased its holdings in Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock valued at $356,088,000 after purchasing an additional 2,503,550 shares in the last quarter. Centersquare Investment Management LLC increased its holdings in Host Hotels & Resorts by 1.7% in the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock valued at $159,661,000 after purchasing an additional 183,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Host Hotels & Resorts by 3.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock valued at $107,342,000 after purchasing an additional 227,202 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Host Hotels & Resorts by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock valued at $74,027,000 after purchasing an additional 1,019,345 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at $69,989,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Down 0.8%

Shares of Host Hotels & Resorts stock opened at $16.49 on Monday. The business has a 50-day moving average of $16.95 and a 200-day moving average of $15.90. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $11.34 billion, a PE ratio of 17.54 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36.

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

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.9%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 85.11%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Evercore ISI increased their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Truist Financial increased their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Cantor Fitzgerald assumed coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price target for the company. Finally, Stifel Nicolaus increased their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $17.88.

About Host Hotels & Resorts

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.