Host Hotels & Resorts, Inc. $HST Shares Sold by IFM Investors Pty Ltd

Key Points

• IFM Investors Pty Ltd reduced its stake in Host Hotels & Resorts by 6.9%, holding 281,690 shares worth approximately $4 million after selling 20,955 shares.
• Institutional investors own 98.52% of Host Hotels & Resorts, with significant recent acquisitions including Rush Island Management LP, which invested $99.4 million.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share, resulting in an annualized yield of 4.5% and a payout ratio of 85.11%.

IFM Investors Pty Ltd cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,690 shares of the company's stock after selling 20,955 shares during the period. IFM Investors Pty Ltd's holdings in Host Hotels & Resorts were worth $4,003,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HST. NBC Securities Inc. grew its position in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the last quarter. Versant Capital Management Inc grew its position in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after buying an additional 2,047 shares during the last quarter. AlphaQuest LLC acquired a new stake in Host Hotels & Resorts in the first quarter valued at $33,000. Brooklyn Investment Group lifted its holdings in Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after acquiring an additional 1,845 shares during the period. Finally, National Pension Service lifted its holdings in Host Hotels & Resorts by 74.8% in the first 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. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

HST stock traded up $0.06 during trading on Monday, hitting $17.66. The stock had a trading volume of 8,161,217 shares, compared to its average volume of 9,703,212. 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 stock has a market cap of $12.14 billion, a price-to-earnings ratio of 18.79 and a beta of 1.36. The company's 50 day moving average price is $16.43 and its two-hundred day moving average price is $15.46. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS 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 company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The firm'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, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio is currently 85.11%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HST. Stifel Nicolaus raised their target price 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 raised their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI raised their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Company 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.