APG Asset Management US Inc. Trims 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. reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 49.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Host Hotels & Resorts by 3.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after acquiring an additional 3,732 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth approximately $1,453,000. Cerity Partners LLC increased its stake in shares of Host Hotels & Resorts by 32.9% in the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after acquiring an additional 9,508 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Host Hotels & Resorts by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after purchasing an additional 6,592 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Host Hotels & Resorts by 48.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after buying an additional 16,694 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Stifel Nicolaus increased their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on 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. Finally, Evercore ISI raised their target price 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. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $17.50.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.91 on Friday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.63 billion, a P/E ratio of 17.99 and a beta of 1.34. The firm has a 50-day moving average price of $15.97 and a two-hundred day moving average price of $15.38. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its 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 return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. Host Hotels & Resorts's quarterly revenue was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is 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.

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