Host Hotels & Resorts, Inc. $HST Holdings Trimmed by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS significantly reduced its stake in Host Hotels & Resorts by 69.6%, now holding 164,400 shares valued at approximately $2.55 million.
• Host Hotels & Resorts reported a quarterly EPS of $0.58, surpassing analysts' expectations, with revenue up 8.2% year-over-year.
• The company announced a $0.20 quarterly dividend, representing a 5.1% yield, with an ex-dividend date set for September 30th.

KLP Kapitalforvaltning AS cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 69.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,400 shares of the company's stock after selling 375,666 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Host Hotels & Resorts were worth $2,553,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Armstrong Advisory Group Inc. boosted its position in Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock worth $26,000 after acquiring an additional 1,516 shares during the period. NBC Securities Inc. raised its stake in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Host Hotels & Resorts by 50.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock worth $32,000 after purchasing an additional 691 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth about $33,000. Finally, AlphaQuest LLC bought a new position in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $33,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $15.82 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $10.88 billion, a P/E ratio of 16.83 and a beta of 1.36. The business's fifty day moving average is $16.77 and its two-hundred day moving average is $15.70. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Analysts Set New Price Targets

HST has been the topic of a number of recent analyst reports. Truist Financial raised their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald started coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $19.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Host Hotels & Resorts in a research report on Wednesday. Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.88.

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.

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