Host Hotels & Resorts, Inc. $HST Stock Position Trimmed by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Host Hotels & Resorts, Inc. by 93.6%, selling 746,919 shares, leaving it with only 50,701 shares valued at approximately $720,000.
• Host Hotels & Resorts reported a quarterly EPS of $0.58, surpassing the consensus estimate of $0.51, with revenue of $1.59 billion, reflecting an 8.2% year-over-year increase.
• The company declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.7% and a dividend payout ratio of 85.11%.

Candriam S.C.A. reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 93.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,701 shares of the company's stock after selling 746,919 shares during the period. Candriam S.C.A.'s holdings in Host Hotels & Resorts were worth $720,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HST. Invesco Ltd. raised its holdings in shares of Host Hotels & Resorts by 11.1% in the first quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after acquiring an additional 2,503,550 shares during the last quarter. Northern Trust Corp increased its position in Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after purchasing an additional 4,158,219 shares in the last quarter. Centersquare Investment Management LLC raised its stake in Host Hotels & Resorts by 1.7% in the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock valued at $159,661,000 after purchasing an additional 183,653 shares during the last quarter. Deutsche Bank AG lifted its holdings in Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Host Hotels & Resorts by 6.3% in 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 valued at $128,365,000 after purchasing an additional 433,657 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.9%

NASDAQ HST traded down $0.15 during trading hours on Friday, reaching $17.14. 2,895,538 shares of the company traded hands, compared to its average volume of 9,780,395. The company has a 50 day moving average of $16.08 and a two-hundred day moving average of $15.40. The stock has a market capitalization of $11.78 billion, a PE ratio of 18.25 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $0.57 earnings per share. 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, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analyst Upgrades and Downgrades

HST has been the subject of several analyst reports. Evercore ISI upped their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, 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 target on the stock. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.59.

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.