Nordea Investment Management AB Acquires 81,624 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Nordea Investment Management AB increased its stake in Host Hotels & Resorts by 48.3%, acquiring an additional 81,624 shares, bringing its total holdings to 250,568 shares valued at $3.85 million.
• In the latest quarter, Host Hotels & Resorts reported earnings per share of $0.58, exceeding analysts' expectations of $0.51, and revenue of $1.59 billion, surpassing estimates of $1.51 billion.
• The company announced a quarterly dividend of $0.20 per share, representing a yield of 4.8%, with an annualized payout totaling $0.80.

Nordea Investment Management AB boosted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 48.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,568 shares of the company's stock after purchasing an additional 81,624 shares during the quarter. Nordea Investment Management AB's holdings in Host Hotels & Resorts were worth $3,849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its stake in Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock worth $26,000 after purchasing an additional 1,516 shares during the period. TD Private Client Wealth LLC boosted its stake in Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock worth $32,000 after purchasing an additional 691 shares during the period. Ameritas Advisory Services LLC bought a new position in Host Hotels & Resorts in the 2nd quarter worth approximately $33,000. AlphaQuest LLC bought a new position in Host Hotels & Resorts in the 1st quarter worth approximately $33,000. Finally, Brooklyn Investment Group boosted its stake in Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after purchasing an additional 1,845 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.65 on Wednesday. The stock's fifty day moving average is $16.90 and its 200 day moving average is $15.81. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The firm has a market capitalization of $11.45 billion, a PE ratio of 17.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. Host Hotels & Resorts'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. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.8%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 85.11%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial increased their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company upgraded Host Hotels & Resorts to a "strong-buy" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Host Hotels & Resorts in a research report on Wednesday, October 8th. Evercore ISI increased their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, UBS Group increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.88.

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.

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