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

Several other hedge funds have also made changes to their positions in the stock. Brooklyn Investment Group lifted its stake in shares of Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after buying an additional 1,845 shares during the period. Versor Investments LP lifted its stake in shares of Host Hotels & Resorts by 64.7% in the first quarter. Versor Investments LP now owns 120,122 shares of the company's stock valued at $1,707,000 after buying an additional 47,200 shares during the period. Northwest & Ethical Investments L.P. lifted its stake in shares of Host Hotels & Resorts by 246.1% in the first quarter. Northwest & Ethical Investments L.P. now owns 42,220 shares of the company's stock valued at $599,000 after buying an additional 30,020 shares during the period. American Century Companies Inc. lifted its stake in Host Hotels & Resorts by 31.2% during the first quarter. American Century Companies Inc. now owns 811,247 shares of the company's stock worth $11,528,000 after purchasing an additional 193,020 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in Host Hotels & Resorts during the first quarter worth about $38,611,000. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.15 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The firm has a 50 day moving average of $15.93 and a 200-day 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. The stock has a market capitalization of $11.10 billion, a P/E ratio of 17.18 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) 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 company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. 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. As a group, sell-side analysts anticipate 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. Investors of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analysts Set New Price Targets

HST has been the subject of a number of analyst reports. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. 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 research note on Tuesday, July 1st. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. 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 research note on Monday, July 28th. Finally, 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 research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $17.50.

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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