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 60.6% to 111,111 shares during the second quarter, resulting in a total holding value of $1,707,000.
• Multiple institutional investors have increased their positions in Host Hotels & Resorts, with Millennium Management LLC boosting its holdings by 1,607.3% to over 3 million shares during the first quarter.
• Host Hotels & Resorts declared a quarterly dividend of $0.20 per share, representing an annual yield of 4.7%, with the ex-dividend date set for September 30th.

IFM Investors Pty Ltd lessened its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 60.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 111,111 shares of the company's stock after selling 170,579 shares during the quarter. IFM Investors Pty Ltd's holdings in Host Hotels & Resorts were worth $1,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Nuveen LLC acquired a new stake in Host Hotels & Resorts during the first quarter worth $69,989,000. Millennium Management LLC boosted its holdings in Host Hotels & Resorts by 1,607.3% in the first quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock valued at $43,810,000 after purchasing an additional 2,902,471 shares during the period. Brandywine Global Investment Management LLC purchased a new position in Host Hotels & Resorts in the first quarter valued at $38,611,000. Invesco Ltd. boosted its holdings in Host Hotels & Resorts by 11.1% in the first quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock valued at $356,088,000 after purchasing an additional 2,503,550 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Host Hotels & Resorts by 172.0% in the first quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company's stock valued at $36,960,000 after purchasing an additional 1,644,843 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on HST. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. UBS Group boosted their price target on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. Truist Financial lifted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Finally, Evercore ISI lifted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and an average price target of $17.77.

Host Hotels & Resorts Trading Down 1.4%

Shares of HST opened at $17.17 on Tuesday. The stock has a fifty day moving average of $16.58 and a two-hundred day moving average of $15.52. 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 company has a market capitalization of $11.81 billion, a PE ratio of 18.27 and a beta of 1.36. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36.

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

Host Hotels & Resorts Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.7%. Host Hotels & Resorts's payout ratio 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.

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