Asset Management One Co. Ltd. Trims Holdings in Host Hotels & Resorts, Inc. $HST

Asset Management One Co. Ltd. reduced its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.’s holdings in Host Hotels & Resorts were worth $17,542,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price target on the stock. UBS Group upped their price target on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Evercore ISI upped their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus upped their price target 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 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.49 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. 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 business’s fifty day moving average price is $16.95 and its two-hundred day moving average price is $15.89. The firm has a market capitalization of $11.34 billion, a PE ratio of 17.54 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping 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 firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

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