Ritholtz Wealth Management Reduces Stock Position in Host Hotels & Resorts, Inc. $HST

Ritholtz Wealth Management reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 62.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,665 shares of the company’s stock after selling 46,313 shares during the period. Ritholtz Wealth Management’s holdings in Host Hotels & Resorts were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HST. Nuveen LLC purchased a new position in shares of Host Hotels & Resorts in the 1st quarter worth $69,989,000. Millennium Management LLC grew its stake in shares of Host Hotels & Resorts by 1,607.3% in the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company’s stock worth $43,810,000 after buying an additional 2,902,471 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Host Hotels & Resorts in the 1st quarter worth $38,611,000. Invesco Ltd. grew its stake in shares of Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Host Hotels & Resorts by 172.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company’s stock worth $36,960,000 after buying an additional 1,644,843 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HST has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a “neutral” rating and a $16.00 price target for the company. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. UBS Group lifted 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 Monday, September 22nd. Cantor Fitzgerald initiated 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 target for the company. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.28 on Monday. The stock has a market cap of $11.19 billion, a price-to-earnings ratio of 17.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The firm has a 50-day moving average of $16.86 and a two-hundred day moving average of $15.78.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

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