Skandinaviska Enskilda Banken AB publ Sells 190,721 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Skandinaviska Enskilda Banken AB has reduced its position in Host Hotels & Resorts by 2.4%, selling 190,721 shares during the first quarter, now holding about 1.12% of the company worth $110 million.
• Host Hotels & Resorts reported a better-than-expected quarterly earnings with an EPS of $0.64, exceeding estimates, and revenue increasing 8.4% year-over-year.
• The company declared a quarterly dividend of $0.20, translating to an annualized yield of 4.87%, with a dividend payout ratio of 83.33%.

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 2.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,745,804 shares of the company's stock after selling 190,721 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned about 1.12% of Host Hotels & Resorts worth $110,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. NBC Securities Inc. grew its position in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after buying an additional 1,852 shares during the period. Versant Capital Management Inc grew its position in shares of 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 buying an additional 2,047 shares during the period. IFP Advisors Inc grew its position in shares of Host Hotels & Resorts by 28.4% during the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after buying an additional 807 shares during the period. Farther Finance Advisors LLC grew its position in shares of Host Hotels & Resorts by 80.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock worth $62,000 after buying an additional 1,906 shares during the period. Finally, Rossby Financial LCC acquired a new position in shares of Host Hotels & Resorts during the 1st quarter worth about $66,000. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Trading Down 1.0%

Shares of Host Hotels & Resorts stock opened at $16.43 on Friday. The stock has a market cap of $11.40 billion, a P/E ratio of 17.11 and a beta of 1.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The business's 50 day moving average is $15.77 and its 200-day moving average is $15.54.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HST. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.96.

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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