APG Asset Management US Inc. Decreases Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• APG Asset Management US Inc. has reduced its holdings in Host Hotels & Resorts by 49.4%, now owning approximately 1,051,904 shares valued at $15.19 million.
• Other investors, including Mirae Asset Global Investments and Cerity Partners, have increased their stakes, indicating ongoing interest from institutional investors.
• Host Hotels & Resorts recently reported $1.59 billion in quarterly revenue, exceeding analysts' expectations, and declared a $0.20 quarterly dividend, yielding 4.7% annually.

APG Asset Management US Inc. decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,051,904 shares of the company's stock after selling 1,026,485 shares during the period. APG Asset Management US Inc. owned about 0.15% of Host Hotels & Resorts worth $15,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of 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 worth $353,000 after buying an additional 638 shares during the period. Evergreen Wealth Solutions LLC boosted its holdings in shares of Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after buying an additional 651 shares during the period. Ascent Group LLC boosted its holdings in Host Hotels & Resorts by 4.4% in 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 during the period. Resonant Capital Advisors LLC boosted its holdings in Host Hotels & Resorts by 5.2% in 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 during the period. Finally, Impact Investors Inc boosted its holdings in Host Hotels & Resorts by 1.3% in 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 during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HST. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. began 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 for the company. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Evercore ISI upped their price target 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. Finally, Stifel Nicolaus upped 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. 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, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average target price of $17.59.

Host Hotels & Resorts Stock Down 0.9%

Shares of HST stock traded down $0.17 on Thursday, hitting $17.21. The stock had a trading volume of 3,925,143 shares, compared to its average volume of 9,779,652. The business has a 50 day moving average of $16.05 and a 200 day moving average of $15.39. The stock has a market cap of $11.83 billion, a price-to-earnings ratio of 18.30 and a beta of 1.34. 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 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) 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.