Hsbc Holdings PLC Trims Stock Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Hsbc Holdings PLC reduced its stake in Host Hotels & Resorts by 8.7%, selling 336,597 shares to hold a total of 3,542,306 shares, valued at approximately $50.3 million.
• Host Hotels & Resorts reported $0.58 earnings per share for the quarter, surpassing analyst estimates by $0.07, with revenue up 8.2% year-over-year.
• The company announced a quarterly dividend of $0.20, yielding 5.0%, with a dividend payout ratio of 85.11%.

Hsbc Holdings PLC decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,542,306 shares of the company's stock after selling 336,597 shares during the period. Hsbc Holdings PLC owned approximately 0.51% of Host Hotels & Resorts worth $50,255,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. raised its holdings in shares of Host Hotels & Resorts by 185,200.0% during the first 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 increased its holdings in shares of Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares during the period. Brooklyn Investment Group increased its stake 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. National Pension Service grew its stake in Host Hotels & Resorts by 74.8% during the first quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after buying an additional 1,111 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after purchasing an additional 807 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded up $0.28 during midday trading on Wednesday, hitting $17.21. The stock had a trading volume of 2,129,471 shares, compared to its average volume of 9,768,295. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.84 billion, a PE ratio of 18.27 and a beta of 1.34. The firm's fifty day moving average is $16.02 and its two-hundred day moving average is $15.38.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its 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 return on equity of 9.90% and a net margin of 11.12%.The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The business's revenue was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analyst Ratings Changes

HST has been the subject of a number of analyst reports. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI upped their price objective 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. Finally, Stifel Nicolaus increased their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $17.59.

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.