Hsbc Holdings PLC Sells 336,597 Shares of 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 lowered its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,542,306 shares of the company's stock after selling 336,597 shares during the period. Hsbc Holdings PLC owned about 0.51% of Host Hotels & Resorts worth $50,255,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Host Hotels & Resorts by 2.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock worth $353,000 after buying an additional 638 shares during the period. Evergreen Wealth Solutions LLC increased its position in shares of Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after buying an additional 651 shares during the period. Ascent Group LLC increased its position in shares of Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after buying an additional 703 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Host Hotels & Resorts by 5.2% during the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock worth $220,000 after buying an additional 760 shares during the period. Finally, Impact Investors Inc increased its position in shares of Host Hotels & Resorts by 1.3% during the first quarter. Impact Investors Inc now owns 59,112 shares of the company's stock worth $840,000 after buying an additional 773 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HST shares. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Evercore ISI raised their price target 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. Stifel Nicolaus raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Host Hotels & Resorts Trading Up 0.2%

NASDAQ:HST opened at $16.15 on Friday. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 17.18 and a beta of 1.34. The firm has a fifty day simple moving average of $15.93 and a two-hundred day simple moving average of $15.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating 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 firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period last year, the firm earned $0.57 earnings per share. The business's quarterly 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. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) 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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