Meiji Yasuda Asset Management Co Ltd. Sells 96,230 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Meiji Yasuda Asset Management Co Ltd. cut its stake in Host Hotels & Resorts by 82.8%, holding only 20,004 shares after selling 96,230 shares during the first quarter.
• Multiple institutional investors have also increased their stakes, with NBC Securities Inc. boosting its position by 185,200.0% in the same period.
• Host Hotels & Resorts recently declared a $0.20 quarterly dividend for shareholders, representing an annualized yield of 4.5%.

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 82.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,004 shares of the company's stock after selling 96,230 shares during the period. Meiji Yasuda Asset Management Co Ltd.'s holdings in Host Hotels & Resorts were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position 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 in the last quarter. Teacher Retirement System of Texas bought a new position in Host Hotels & Resorts in the first quarter valued at $1,453,000. Cerity Partners LLC grew its position in Host Hotels & Resorts by 32.9% in the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after purchasing an additional 9,508 shares in the last quarter. Envestnet Asset Management Inc. raised its stake 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 purchasing an additional 6,592 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of Host Hotels & Resorts by 48.7% during 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 in the last quarter. Institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

HST has been the topic of a number of analyst reports. Evercore ISI upped their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Truist Financial lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Stifel Nicolaus lifted 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 report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Finally, Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.77.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded up $0.13 on Wednesday, reaching $17.79. 1,785,982 shares of the stock were exchanged, compared to its average volume of 9,645,007. The firm's 50 day moving average is $16.50 and its 200-day moving average is $15.48. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. 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 $12.23 billion, a PE ratio of 18.93 and a beta of 1.36.

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, 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 the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm's quarterly 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. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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 issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend 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.