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

A number of other large investors have also added to or reduced their stakes in HST. BNP Paribas Financial Markets boosted its holdings in shares of Host Hotels & Resorts by 19.0% in the 4th quarter. BNP Paribas Financial Markets now owns 956,122 shares of the company's stock valued at $16,751,000 after buying an additional 152,979 shares in the last quarter. Captrust Financial Advisors purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $748,000. Brevan Howard Capital Management LP purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at approximately $325,000. Centiva Capital LP acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $449,000. Finally, Cetera Investment Advisers grew its holdings in Host Hotels & Resorts by 227.5% in the fourth quarter. Cetera Investment Advisers now owns 102,415 shares of the company's stock worth $1,794,000 after purchasing an additional 71,144 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock traded up $0.09 on Thursday, reaching $17.68. 6,156,193 shares of the stock were exchanged, compared to its average volume of 9,720,674. The business has a 50 day moving average price of $16.38 and a two-hundred day moving average price of $15.45. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 18.81 and a beta of 1.36. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the company earned $0.57 EPS. Host Hotels & Resorts's quarterly revenue was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on HST shares. Stifel Nicolaus increased their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Truist Financial boosted their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company upped their price objective 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 equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

About Host Hotels & Resorts

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.