PGGM Investments Sells 1,883,291 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• PGGM Investments significantly reduced its stake in Host Hotels & Resorts, selling 1,883,291 shares during the second quarter, resulting in ownership of only 1,227,288 shares.
• Host Hotels & Resorts achieved a net margin of 11.12% and reported quarterly earnings of $0.58 per share, exceeding analysts' expectations of $0.51.
• The company will pay a quarterly dividend of $0.20 per share on October 15th, reflecting a dividend yield of 4.7%.

PGGM Investments lessened its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 60.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,227,288 shares of the company's stock after selling 1,883,291 shares during the quarter. PGGM Investments owned about 0.18% of Host Hotels & Resorts worth $18,851,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Armstrong Advisory Group Inc. boosted its position in shares of Host Hotels & Resorts by 953.5% during 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 in the last quarter. NBC Securities Inc. lifted its position in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Host Hotels & Resorts by 50.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock valued at $32,000 after purchasing an additional 691 shares during the last quarter. Versant Capital Management Inc increased its holdings in Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Host Hotels & Resorts during the 1st quarter worth approximately $33,000. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $17.02 on Wednesday. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a 50-day simple moving average of $16.71 and a 200 day simple moving average of $15.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The company has a market capitalization of $11.70 billion, a PE ratio of 18.11 and a beta of 1.36.

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. On average, research analysts predict 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 will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus upped 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. Truist Financial increased their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. UBS Group increased their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

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.

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