Adage Capital Partners GP L.L.C. Has $8.97 Million Stock Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Adage Capital Partners has reduced its stake in Host Hotels & Resorts by 59.4%, owning 630,933 shares worth $8.97 million after selling 922,200 shares in the first quarter.
• Despite the reduction by Adage, other institutional investors, such as Mirae Asset Global Investments and Oppenheimer Asset Management, have increased their holdings in the company.
• Host Hotels & Resorts recently reported a quarterly earnings per share (EPS) of $0.58, surpassing analysts' expectations, with an annualized dividend yield of 4.6%.

Adage Capital Partners GP L.L.C. trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 59.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 630,933 shares of the company's stock after selling 922,200 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.09% of Host Hotels & Resorts worth $8,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in HST. Tokio Marine Asset Management Co. Ltd. raised its position in Host Hotels & Resorts by 2.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock valued at $353,000 after acquiring an additional 638 shares in the last quarter. Ascent Group LLC raised its position in Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company's stock valued at $290,000 after acquiring an additional 703 shares in the last quarter. Resonant Capital Advisors LLC raised its position in Host Hotels & Resorts by 5.2% during the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock valued at $220,000 after acquiring an additional 760 shares in the last quarter. Impact Investors Inc raised its position in Host Hotels & Resorts by 1.3% during the first quarter. Impact Investors Inc now owns 59,112 shares of the company's stock valued at $840,000 after acquiring an additional 773 shares in the last quarter. Finally, IFP Advisors Inc raised its position in Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after acquiring an additional 807 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 topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Evercore ISI raised their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Stifel Nicolaus lifted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Truist Financial lifted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.77.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST traded down $0.08 during trading on Friday, reaching $17.60. The stock had a trading volume of 8,215,081 shares, compared to its average volume of 8,087,043. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 18.72 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $16.43 and a two-hundred day simple moving average of $15.47.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly 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. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The company's quarterly revenue 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, 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Host Hotels & Resorts's dividend payout ratio (DPR) 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.