ING Groep NV Has $1.27 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• ING Groep NV reduced its stake in Host Hotels & Resorts, Inc. by 87.1%, holding $1.27 million worth of shares after selling 600,022 shares in the first quarter.
• Host Hotels & Resorts recently reported earnings of $0.58 per share, exceeding estimates and marking an 8.2% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.20 per share, reflecting a 5.2% dividend yield, with a payout ratio of 85.11%.

ING Groep NV lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 87.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,259 shares of the company's stock after selling 600,022 shares during the period. ING Groep NV's holdings in Host Hotels & Resorts were worth $1,268,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 acquiring an additional 3,732 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $1,453,000. Cerity Partners LLC boosted its position in shares of 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 acquiring an additional 9,508 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Host Hotels & Resorts by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after acquiring an additional 6,592 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Host Hotels & Resorts by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after acquiring an additional 16,694 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 0.5%

Shares of NASDAQ:HST traded up $0.08 during trading on Friday, hitting $15.35. 7,666,740 shares of the company's stock traded hands, compared to its average volume of 10,585,729. 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 2.08 and a debt-to-equity ratio of 0.76. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 16.33 and a beta of 1.34. The company has a 50-day moving average price of $15.90 and a 200-day moving average price of $15.44.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, research 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 was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.2%. Host Hotels & Resorts's payout ratio is 85.11%.

Wall Street Analyst Weigh In

HST has been the subject of several research reports. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. 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 target price for the company. Wells Fargo & Company raised their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Evercore ISI raised their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.88.

Host Hotels & Resorts 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.