Swedbank AB Sells 701,403 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Swedbank AB significantly reduced its holdings in Host Hotels & Resorts by selling 701,403 shares, representing an 87.7% decrease, leaving it with 98,821 shares worth approximately $1.52 million.
• Several analysts have increased their price targets for Host Hotels & Resorts, with ratings from firms like Morgan Stanley and Wells Fargo reflecting optimism about the stock's performance.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share with a yield of 4.7%, set to be paid on October 15th.

Swedbank AB trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 87.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,821 shares of the company's stock after selling 701,403 shares during the quarter. Swedbank AB's holdings in Host Hotels & Resorts were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HST. Mirae Asset Global Investments Co. Ltd. increased its stake in Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after buying an additional 3,732 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Host Hotels & Resorts during the first quarter valued at about $1,453,000. Cerity Partners LLC grew its position in Host Hotels & Resorts by 32.9% in the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after acquiring an additional 9,508 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Host Hotels & Resorts by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after acquiring an additional 6,592 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Host Hotels & Resorts by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after acquiring an additional 16,694 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company lifted 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. Stifel Nicolaus lifted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group lifted their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Monday. Finally, Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Stock Down 1.4%

Shares of NASDAQ HST opened at $17.17 on Tuesday. The company has a 50-day moving average of $16.58 and a 200 day moving average of $15.52. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market cap of $11.81 billion, a PE ratio of 18.27 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly 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. 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 during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued 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 4.7%. Host Hotels & Resorts's dividend payout ratio is 85.11%.

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.

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