Northern Trust Corp Sells 84,307 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Northern Trust Corp has reduced its stake in Host Hotels & Resorts by 0.6%, selling 84,307 shares and now holding approximately 1.97% of the company.
• Host Hotels & Resorts reported earnings of $0.58 per share for the last quarter, exceeding expectations and reflecting an 8.2% increase in revenue year-over-year.
• The company has declared a quarterly dividend of $0.20, which presents a 5.0% dividend yield based on an annualized payout of $0.80.

Northern Trust Corp decreased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,668,398 shares of the company's stock after selling 84,307 shares during the quarter. Northern Trust Corp owned 1.97% of Host Hotels & Resorts worth $194,228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Deutsche Bank AG raised its position in shares of Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after buying an additional 6,326,709 shares in the last quarter. Rush Island Management LP bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at $99,402,000. Nuveen LLC bought a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at $69,989,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Host Hotels & Resorts by 198.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,748,185 shares of the company's stock valued at $83,190,000 after purchasing an additional 3,158,118 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in Host Hotels & Resorts during the first quarter worth $38,611,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 2.6%

Shares of HST stock traded up $0.44 on Wednesday, hitting $17.37. The stock had a trading volume of 9,904,296 shares, compared to its average volume of 11,306,780. The business has a 50 day moving average of $16.05 and a 200 day moving average of $15.39. The stock has a market cap of $11.94 billion, a price-to-earnings ratio of 18.48 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.57 earnings per share. The firm'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. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced 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. This represents a $0.80 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several brokerages recently issued reports on HST. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI increased their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. 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 note on Thursday, July 31st. Wells Fargo & Company increased their target price 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. Finally, JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target 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.