Host Hotels & Resorts, Inc. $HST Stock Holdings Cut by Pensionfund Sabic

Pensionfund Sabic reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 48,843 shares of the company’s stock after selling 5,000 shares during the quarter. Pensionfund Sabic’s holdings in Host Hotels & Resorts were worth $694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Host Hotels & Resorts by 2.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company’s stock valued at $353,000 after purchasing an additional 638 shares in the last quarter. Ascent Group LLC boosted its stake in Host Hotels & Resorts by 4.4% during the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock valued at $290,000 after purchasing an additional 703 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in Host Hotels & Resorts by 5.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company’s stock valued at $220,000 after purchasing an additional 760 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Host Hotels & Resorts by 3.7% during the 1st quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company’s stock valued at $303,000 after purchasing an additional 765 shares in the last quarter. Finally, Impact Investors Inc boosted its stake in Host Hotels & Resorts by 1.3% during the 1st quarter. Impact Investors Inc now owns 59,112 shares of the company’s stock valued at $840,000 after purchasing an additional 773 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HST shares. Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a “neutral” rating and a $16.00 price objective for the company. Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Finally, Stifel Nicolaus increased their price objective 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. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.77.

Host Hotels & Resorts Price Performance

HST opened at $17.60 on Friday. The stock has a fifty day moving average of $16.43 and a 200-day moving average of $15.46. The firm has a market capitalization of $12.10 billion, a P/E ratio of 18.72 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. 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 (NASDAQ:HST) last released its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (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 analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. Host Hotels & Resorts’s dividend payout ratio is presently 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.