Rhumbline Advisers Trims Stake in Host Hotels & Resorts, Inc. $HST

Rhumbline Advisers lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,450,953 shares of the company’s stock after selling 69,151 shares during the period. Rhumbline Advisers owned approximately 0.21% of Host Hotels & Resorts worth $22,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of HST. Armstrong Advisory Group Inc. lifted its stake in shares of Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after acquiring an additional 1,516 shares during the last quarter. TD Private Client Wealth LLC grew its position in Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock valued at $32,000 after acquiring an additional 691 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Host Hotels & Resorts in the second quarter worth $33,000. Sentry Investment Management LLC bought a new stake in shares of Host Hotels & Resorts during the second quarter worth $37,000. Finally, AlphaQuest LLC purchased a new stake in shares of Host Hotels & Resorts during the first quarter valued at $33,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on HST shares. JPMorgan Chase & Co. raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Wells Fargo & Company raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald began coverage on Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. One 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, the company currently has an average rating of “Moderate Buy” and an average price target of $18.38.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $17.74 on Friday. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 18.87 and a beta of 1.36. The company’s 50 day moving average is $16.93 and its 200 day moving average is $16.40. 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, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.Host Hotels & Resorts’s revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 dividend on an annualized basis and a yield of 4.5%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.19%.

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.