Cbre Investment Management Listed Real Assets LLC Has $19.20 Million Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• Cbre Investment Management has reduced its stake in Host Hotels & Resorts by 55.1%, now holding approximately 1.35 million shares valued at $19.2 million.
• Institutional investors collectively own 98.52% of Host Hotels & Resorts' stock, with significant recent investments made by various hedge funds including Deutsche Bank AG and Price T Rowe Associates.
• Host Hotels & Resorts has seen its stock ratings upgraded by several analysts, with a consensus price target of $17.50 and a current rating of "Moderate Buy".

Cbre Investment Management Listed Real Assets LLC trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 55.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,351,102 shares of the company's stock after selling 1,660,886 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.19% of Host Hotels & Resorts worth $19,199,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. AlphaQuest LLC acquired a new position in Host Hotels & Resorts during the 1st quarter valued at $33,000. Kestra Advisory Services LLC raised its stake in Host Hotels & Resorts by 13.4% during the 1st quarter. Kestra Advisory Services LLC now owns 148,390 shares of the company's stock valued at $2,109,000 after purchasing an additional 17,536 shares during the last quarter. Norinchukin Bank The raised its stake in Host Hotels & Resorts by 10.0% during the 1st quarter. Norinchukin Bank The now owns 68,826 shares of the company's stock valued at $978,000 after purchasing an additional 6,232 shares during the last quarter. Capital Analysts LLC raised its stake in Host Hotels & Resorts by 13.1% during the 1st quarter. Capital Analysts LLC now owns 107,457 shares of the company's stock valued at $1,527,000 after purchasing an additional 12,482 shares during the last quarter. Finally, Credit Agricole S A raised its stake in Host Hotels & Resorts by 6.6% during the 1st quarter. Credit Agricole S A now owns 206,941 shares of the company's stock valued at $2,941,000 after purchasing an additional 12,794 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on HST shares. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company increased 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. Stifel Nicolaus increased 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. Finally, Evercore ISI increased their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company 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 data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $17.59.

Host Hotels & Resorts Price Performance

Shares of HST traded up $0.44 during trading hours on Wednesday, hitting $17.37. The stock had a trading volume of 9,904,246 shares, compared to its average volume of 9,818,627. The company's fifty day moving average is $16.02 and its two-hundred day moving average is $15.38. 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 52 week low of $12.22 and a 52 week high of $19.36. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 18.48 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results 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. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the business 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. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

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