Host Hotels & Resorts, Inc. $HST Position Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 37.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,836,446 shares of the company’s stock after selling 2,909,358 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.70% of Host Hotels & Resorts worth $74,288,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings in 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 buying an additional 81,624 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $164,000. Ballentine Partners LLC acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at approximately $202,000. Y Intercept Hong Kong Ltd lifted its stake in Host Hotels & Resorts by 54.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 69,743 shares of the company’s stock worth $1,071,000 after purchasing an additional 24,654 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new position in Host Hotels & Resorts in the second quarter worth $262,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 0.3%

Shares of NASDAQ:HST opened at $17.74 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $16.93 and its 200 day moving average price is $16.40. The company has a market cap of $12.20 billion, a PE ratio of 18.87 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.

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

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.19%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HST. Truist Financial increased their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. UBS Group boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Cantor Fitzgerald started coverage on shares of Host Hotels & Resorts in a research note on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday. Finally, Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $18.38.

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.