Adage Capital Partners GP L.L.C. Lowers 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. lowered its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 59.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 630,933 shares of the company's stock after selling 922,200 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Host Hotels & Resorts worth $8,966,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Invesco Ltd. raised its position in shares of Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after purchasing an additional 2,503,550 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock worth $159,661,000 after purchasing an additional 183,653 shares during the last quarter. Deutsche Bank AG raised its position in shares of Host Hotels & Resorts by 184.7% during the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock worth $170,855,000 after purchasing an additional 6,326,709 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Host Hotels & Resorts by 6.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,326,744 shares of the company's stock worth $128,365,000 after purchasing an additional 433,657 shares during the last quarter. Finally, Rush Island Management LP acquired a new position in shares of Host Hotels & Resorts during the 4th quarter worth about $99,402,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 0.1%

Shares of HST stock traded down $0.03 during trading hours on Friday, hitting $17.66. The company had a trading volume of 2,119,285 shares, compared to its average volume of 9,673,571. The company's fifty day moving average is $16.41 and its 200 day moving average is $15.46. 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 fifty-two week low of $12.22 and a fifty-two week high of $19.36. The stock has a market capitalization of $12.14 billion, a PE ratio of 18.79 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed 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. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 85.11%.

Analysts Set New Price Targets

HST has been the subject of several research analyst reports. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. began 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 objective for the company. Finally, Wells Fargo & Company upped 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 note on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $17.77.

Host Hotels & Resorts 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.