BI Asset Management Fondsmaeglerselskab A S Sells 43,478 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• BI Asset Management Fondsmaeglerselskab A S has reduced its stake in Host Hotels & Resorts by 70.4%, selling 43,478 shares and ending up with 18,244 shares valued at $259,000.
• Several other institutional investors, including NBC Securities Inc. and Versant Capital Management Inc., have significantly increased their positions in Host Hotels & Resorts during the same period.
• Host Hotels & Resorts has received several positive analyst upgrades, increasing its price target; currently, it holds a consensus rating of "Moderate Buy" with an average target price of $17.50.

BI Asset Management Fondsmaeglerselskab A S lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 70.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,244 shares of the company's stock after selling 43,478 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Host Hotels & Resorts were worth $259,000 at the end of the most recent reporting period.

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

Host Hotels & Resorts Trading Down 0.3%

HST stock traded down $0.06 during mid-day trading on Thursday, reaching $17.32. 6,817,256 shares of the stock traded hands, compared to its average volume of 9,798,358. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The stock has a market capitalization of $11.90 billion, a PE ratio of 18.43 and a beta of 1.34. The business has a 50-day moving average price of $16.05 and a two-hundred day moving average price of $15.39.

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 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 business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business's 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. Equities research 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. Shareholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Host Hotels & Resorts's payout ratio is 85.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Evercore ISI boosted 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 report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $17.59.

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.