Host Hotels & Resorts, Inc. $HST Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd sold 54,636 shares of Host Hotels & Resorts, Inc., decreasing its stake by 24.8%, and now holds 165,325 shares valued at approximately $2.54 million.
• Host Hotels & Resorts recently reported a $0.58 earnings per share for the last quarter, exceeding analyst expectations, with a revenue of $1.59 billion, up 8.2% from the previous year.
• The company announced a quarterly dividend of $0.20 per share, yielding 4.6%, with an ex-dividend date of September 30th and a dividend payout ratio of 85.11%.

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 24.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,325 shares of the company's stock after selling 54,636 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Host Hotels & Resorts were worth $2,539,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. boosted 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 buying an additional 1,852 shares during the period. Versant Capital Management Inc boosted its position in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after buying an additional 2,047 shares during the period. AlphaQuest LLC purchased a new stake in Host Hotels & Resorts in the 1st quarter valued at about $33,000. Brooklyn Investment Group boosted its position in Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after buying an additional 1,845 shares during the period. Finally, National Pension Service lifted its position in shares of Host Hotels & Resorts by 74.8% in the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after purchasing an additional 1,111 shares during the period. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded up $0.15 during mid-day trading on Tuesday, reaching $17.32. 3,106,212 shares of the company traded hands, compared to its average volume of 9,789,556. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. 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 market capitalization of $11.90 billion, a price-to-earnings ratio of 18.44 and a beta of 1.36. The firm's fifty day moving average is $16.58 and its two-hundred day moving average is $15.52.

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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.57 EPS. Host Hotels & Resorts'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 research analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Truist Financial upped 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. UBS Group boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Stifel Nicolaus boosted their price objective 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. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.