Host Hotels & Resorts, Inc. $HST Shares Sold by APG Asset Management US Inc.

APG Asset Management US Inc. lowered its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 49.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,051,904 shares of the company’s stock after selling 1,026,485 shares during the quarter. APG Asset Management US Inc.’s holdings in Host Hotels & Resorts were worth $15,189,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HST. Mariner LLC boosted its holdings in shares of Host Hotels & Resorts by 10.3% in the 4th quarter. Mariner LLC now owns 46,476 shares of the company’s stock valued at $814,000 after purchasing an additional 4,357 shares during the last quarter. Marshall Wace LLP acquired a new position in Host Hotels & Resorts in the fourth quarter valued at $1,717,000. First Trust Advisors LP grew its position in Host Hotels & Resorts by 38.6% during the fourth quarter. First Trust Advisors LP now owns 671,803 shares of the company’s stock valued at $11,770,000 after acquiring an additional 186,996 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Host Hotels & Resorts by 0.8% in the 4th quarter. MetLife Investment Management LLC now owns 205,501 shares of the company’s stock worth $3,600,000 after purchasing an additional 1,632 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of Host Hotels & Resorts by 2,599.8% during the 4th quarter. Stifel Financial Corp now owns 470,386 shares of the company’s stock worth $8,241,000 after purchasing an additional 452,963 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $16.91 on Friday. The stock has a market capitalization of $11.63 billion, a PE ratio of 17.99 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The business’s fifty day moving average price is $15.97 and its 200 day moving average price is $15.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 85.11%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HST. Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Evercore ISI boosted their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a “neutral” rating and a $16.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

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.