Dimensional Fund Advisors LP Sells 18,945 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Dimensional Fund Advisors LP has decreased its holdings in Host Hotels & Resorts by 0.2%, now owning 10,374,331 shares valued at approximately $147 million.
• In contrast, Invesco Ltd. increased its stake by 11.1%, reaching nearly 25 million shares valued at $356 million, indicating a shift among institutional investors.
• Host Hotels & Resorts recently declared a quarterly dividend of $0.20, representing a 5.0% yield, with a payout ratio of 85.11% for the stock.

Dimensional Fund Advisors LP reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 0.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 10,374,331 shares of the company's stock after selling 18,945 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.50% of Host Hotels & Resorts worth $147,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. increased its position in Host Hotels & Resorts by 2.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock valued at $353,000 after acquiring an additional 638 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Host Hotels & Resorts by 136.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,305 shares of the company's stock valued at $104,000 after acquiring an additional 4,216 shares during the period. National Pension Service increased its position in Host Hotels & Resorts by 74.8% in the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after acquiring an additional 1,111 shares during the period. Resona Asset Management Co. Ltd. increased its position in Host Hotels & Resorts by 8.3% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 416,245 shares of the company's stock valued at $5,934,000 after acquiring an additional 31,976 shares during the period. Finally, HighTower Advisors LLC increased its position in Host Hotels & Resorts by 15.9% in the 1st quarter. HighTower Advisors LLC now owns 22,200 shares of the company's stock valued at $315,000 after acquiring an additional 3,045 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

NASDAQ HST traded up $0.03 during trading hours on Tuesday, reaching $16.93. 12,756,730 shares of the company were exchanged, compared to its average volume of 11,213,028. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The business's 50 day simple moving average is $16.02 and its 200-day simple moving average is $15.38. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $11.64 billion, a P/E ratio of 18.01 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $0.57 earnings per share. The company's 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, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.7%. Host Hotels & Resorts's payout ratio is 85.11%.

Wall Street Analysts Forecast Growth

HST has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI increased 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. Stifel Nicolaus raised 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, JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.50.

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.