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

TD Asset Management Inc lowered its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 62.3% during the second quarter, Holdings Channel reports. The fund owned 126,691 shares of the company’s stock after selling 209,518 shares during the quarter. TD Asset Management Inc’s holdings in Host Hotels & Resorts were worth $1,946,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. raised its stake in Host Hotels & Resorts by 953.5% during the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after purchasing an additional 1,516 shares during the period. TD Private Client Wealth LLC raised its stake in Host Hotels & Resorts by 50.0% during the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after purchasing an additional 691 shares during the period. AlphaQuest LLC purchased a new position in Host Hotels & Resorts during the first quarter worth approximately $33,000. Ameritas Advisory Services LLC purchased a new position in Host Hotels & Resorts during the second quarter worth approximately $33,000. Finally, Brooklyn Investment Group raised its stake in Host Hotels & Resorts by 348.1% during the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock worth $34,000 after purchasing an additional 1,845 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Truist Financial increased 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. Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 target price on the stock. Finally, UBS Group raised their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Stock Up 1.0%

Shares of NASDAQ HST opened at $16.65 on Wednesday. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The firm has a market cap of $11.45 billion, a price-to-earnings ratio of 17.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The stock’s 50-day simple moving average is $16.90 and its 200-day simple moving average is $15.81.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 4.8%. Host Hotels & Resorts’s payout ratio is presently 85.11%.

About Host Hotels & Resorts

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.