Resolution Capital Ltd Has $32.91 Million Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• Resolution Capital Ltd has reduced its stake in Host Hotels & Resorts, Inc. by 56.7%, now owning approximately $32.91 million worth of shares.
• Host Hotels reported a strong quarterly performance, exceeding earnings expectations with a net revenue of $1.59 billion, up 8.2% from the previous year.
• The company recently announced a quarterly dividend of $0.20, resulting in an annualized dividend yield of 4.6% and a payout ratio of 85.11%.

Resolution Capital Ltd trimmed its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 56.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,316,191 shares of the company's stock after selling 3,029,204 shares during the period. Host Hotels & Resorts accounts for 0.6% of Resolution Capital Ltd's holdings, making the stock its 20th largest position. Resolution Capital Ltd owned 0.33% of Host Hotels & Resorts worth $32,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares in the last quarter. Versant Capital Management Inc raised its position in Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. AlphaQuest LLC acquired a new position in Host Hotels & Resorts during the first quarter valued at approximately $33,000. Brooklyn Investment Group raised its position in Host Hotels & Resorts by 348.1% during the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after purchasing an additional 1,845 shares in the last quarter. Finally, National Pension Service raised its position in Host Hotels & Resorts by 74.8% during the first quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after purchasing an additional 1,111 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Down 0.9%

Shares of NASDAQ:HST opened at $17.43 on Friday. The company has a fifty day moving average of $16.28 and a 200-day moving average of $15.43. The company has a market capitalization of $11.98 billion, a PE ratio of 18.54 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, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $0.57 earnings per share. The company's revenue for the quarter 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, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. Host Hotels & Resorts's payout ratio is currently 85.11%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday. Evercore ISI boosted their price objective on shares of 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, Wells Fargo & Company boosted their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.77.

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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