Ethic Inc. Sells 37,333 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Ethic Inc. has reduced its stake in Host Hotels & Resorts by 18.7%, now holding 161,893 shares worth approximately $2.34 million.
• Recent analyst ratings for Host Hotels & Resorts show a mix of opinions, with targets ranging from $16.00 to $20.00 and six analysts issuing a buy rating.
• The company reported $1.59 billion in quarterly revenue, surpassing estimates, and has announced a quarterly dividend of $0.20 per share, resulting in a yield of 5.1%.

Ethic Inc. cut its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 18.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 161,893 shares of the company's stock after selling 37,333 shares during the period. Ethic Inc.'s holdings in Host Hotels & Resorts were worth $2,338,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 valued at $1,582,000 after purchasing an additional 3,732 shares during the period. Teacher Retirement System of Texas acquired a new position in Host Hotels & Resorts during the 1st quarter valued at about $1,453,000. Cerity Partners LLC lifted its position in shares of Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after buying an additional 9,508 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Host Hotels & Resorts by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after buying an additional 6,592 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Host Hotels & Resorts by 48.7% in the 1st 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 period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Up 4.7%

Shares of Host Hotels & Resorts stock traded up $0.76 during midday trading on Friday, hitting $16.91. The company had a trading volume of 9,060,799 shares, compared to its average volume of 11,222,170. 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 $11.63 billion, a P/E ratio of 17.99 and a beta of 1.34. The company has a 50 day moving average of $15.97 and a 200 day moving average of $15.38. 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 (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, 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 during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $0.57 EPS. The firm's revenue for the quarter 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 analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HST. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI upped their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Finally, Stifel Nicolaus upped their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Six 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 currently has an average rating of "Moderate Buy" and an average target price 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.