Vert Asset Management LLC Reduces Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Vert Asset Management LLC reduced its position in Host Hotels & Resorts by 5.7%, selling 18,836 shares in the second quarter, and now holds 310,272 shares valued at approximately $4.77 million.
• Multiple institutional investors have increased their stakes, with Signaturefd LLC leading with a boost of 646.4%, reflecting strong interest in the company.
• Host Hotels & Resorts has announced a quarterly dividend of $0.20 per share, translating to an annualized yield of 4.7%, with a payout ratio currently at 85.11%.

Vert Asset Management LLC cut its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 5.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,272 shares of the company's stock after selling 18,836 shares during the period. Host Hotels & Resorts makes up 1.7% of Vert Asset Management LLC's portfolio, making the stock its 20th biggest position. Vert Asset Management LLC's holdings in Host Hotels & Resorts were worth $4,766,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Truist Financial Corp boosted its position in shares of Host Hotels & Resorts by 8.8% during the second quarter. Truist Financial Corp now owns 15,818 shares of the company's stock valued at $243,000 after buying an additional 1,283 shares during the last quarter. HB Wealth Management LLC boosted its position in shares of Host Hotels & Resorts by 15.9% during the second quarter. HB Wealth Management LLC now owns 13,259 shares of the company's stock valued at $204,000 after buying an additional 1,820 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Host Hotels & Resorts by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 28,696 shares of the company's stock valued at $441,000 after buying an additional 1,564 shares during the last quarter. GC Wealth Management RIA LLC boosted its position in shares of Host Hotels & Resorts by 87.6% during the second quarter. GC Wealth Management RIA LLC now owns 29,943 shares of the company's stock valued at $460,000 after buying an additional 13,981 shares during the last quarter. Finally, Signaturefd LLC boosted its position in shares of Host Hotels & Resorts by 646.4% during the second quarter. Signaturefd LLC now owns 12,838 shares of the company's stock valued at $197,000 after buying an additional 11,118 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Evercore ISI raised their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company raised their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and six have issued 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 price target of $17.88.

Host Hotels & Resorts Stock Up 0.2%

HST stock opened at $17.05 on Thursday. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock has a market cap of $11.72 billion, a P/E ratio of 18.14 and a beta of 1.36. The business's 50-day moving average price is $16.72 and its 200-day moving average price is $15.62.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.57 EPS. The business's quarterly revenue 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. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current 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 given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's payout ratio 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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