Korea Investment CORP Has $7.11 Million Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• Korea Investment CORP has reduced its stake in Host Hotels & Resorts, Inc. by 39.4%, now owning approximately 500,600 shares valued at $7.1 million.
• Host Hotels & Resorts recently reported a quarterly EPS of $0.58, exceeding analysts' estimates, and announced a quarterly dividend of $0.20, yielding 4.7%.
• Several research firms have raised their price targets for Host Hotels & Resorts, with the average target now at $17.50 as the stock receives a consensus rating of "Moderate Buy".

Korea Investment CORP decreased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 39.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 500,600 shares of the company's stock after selling 324,953 shares during the period. Korea Investment CORP owned about 0.07% of Host Hotels & Resorts worth $7,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after purchasing an additional 3,732 shares during the period. Teacher Retirement System of Texas acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $1,453,000. Cerity Partners LLC boosted its stake in shares of Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after buying an additional 9,508 shares during the period. Envestnet Asset Management Inc. boosted 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 valued at $11,260,000 after buying an additional 6,592 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings 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 valued at $724,000 after purchasing an additional 16,694 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

HST traded up $0.44 during trading on Wednesday, hitting $17.37. The stock had a trading volume of 5,801,483 shares, compared to its average volume of 9,792,272. The firm has a market cap of $11.94 billion, a PE ratio of 18.48 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month 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 50 day simple moving average of $16.02 and a 200-day simple moving average of $15.38.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 EPS 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 the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business's quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. 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 year.

Host Hotels & Resorts Announces Dividend

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 $0.20 dividend. 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%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Stifel Nicolaus raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Evercore ISI raised their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target on the stock. Six equities research 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 company currently has an average rating of "Moderate Buy" and an average price target of $17.59.

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.