Swedbank AB Raises Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Swedbank AB increased its stake in Host Hotels & Resorts, Inc. by 3.9% in Q1, owning 800,224 shares valued at approximately $11.37 million.
• Host Hotels & Resorts reported a quarterly earnings per share (EPS) of $0.58, exceeding estimates, with revenues of $1.59 billion for the quarter.
• The company announced a quarterly dividend of $0.20, yielding 4.5%, with a payout ratio of 85.11% and payment scheduled for October 15th.

Swedbank AB increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,224 shares of the company's stock after acquiring an additional 29,983 shares during the period. Swedbank AB owned approximately 0.12% of Host Hotels & Resorts worth $11,371,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. lifted its stake in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after purchasing an additional 1,852 shares during the last quarter. Versant Capital Management Inc lifted its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares during the last quarter. AlphaQuest LLC bought a new stake in Host Hotels & Resorts in the first quarter worth about $33,000. Brooklyn Investment Group lifted its stake 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 purchasing an additional 1,845 shares during the last quarter. Finally, National Pension Service lifted its stake in Host Hotels & Resorts by 74.8% in the first 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 last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 1.0%

NASDAQ:HST traded down $0.18 during trading hours on Friday, reaching $17.42. The company's stock had a trading volume of 36,990,670 shares, compared to its average volume of 8,199,319. The company has a market capitalization of $11.98 billion, a P/E ratio of 18.53 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month 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. The stock has a 50 day moving average price of $16.56 and a two-hundred day moving average price of $15.52.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%. Host Hotels & Resorts's payout ratio is 85.11%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Truist Financial boosted their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI boosted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Finally, Stifel Nicolaus boosted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.