Ritholtz Wealth Management Sells 46,313 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Ritholtz Wealth Management reduced its stake in Host Hotels & Resorts by 62.6% in Q2, selling 46,313 shares, leaving them with 27,665 shares valued at approximately $425,000.
• Several institutional investors are actively trading in Host Hotels & Resorts, with 98.52% of the stock currently owned by institutional investors, indicating strong market interest.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share, providing an annual yield of 4.9%, with a payout ratio of 85.11%.

Ritholtz Wealth Management decreased its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 62.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,665 shares of the company's stock after selling 46,313 shares during the period. Ritholtz Wealth Management's holdings in Host Hotels & Resorts were worth $425,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its position in Host Hotels & Resorts by 953.5% in the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock worth $26,000 after acquiring an additional 1,516 shares during the period. TD Private Client Wealth LLC raised its position in Host Hotels & Resorts by 50.0% in the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock worth $32,000 after acquiring an additional 691 shares during the period. AlphaQuest LLC bought a new position in Host Hotels & Resorts in the first quarter worth approximately $33,000. Ameritas Advisory Services LLC bought a new position in Host Hotels & Resorts in the second quarter worth approximately $33,000. Finally, Brooklyn Investment Group raised its position in Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after acquiring an additional 1,845 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HST shares. Truist Financial increased their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a "strong-buy" rating in a research report on Friday, October 3rd. Evercore ISI raised 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, UBS Group raised their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.88.

Host Hotels & Resorts Stock Performance

HST opened at $16.28 on Monday. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 17.32 and a beta of 1.36. The company has a fifty day moving average of $16.86 and a 200 day moving average of $15.78. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. 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 (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. Host Hotels & Resorts's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 85.11%.

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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