Host Hotels & Resorts, Inc. $HST Shares Sold by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has reduced its position in Host Hotels & Resorts by 41.9%, selling over 609,000 shares and now owns approximately 0.12% of the company.
• Host Hotels & Resorts reported a quarterly earnings per share (EPS) of $0.58, exceeding analyst estimates of $0.51, with a revenue increase of 8.2% year-over-year.
• Analysts have generally maintained a positive outlook on Host Hotels, with several upgrades and a current consensus rating of "Moderate Buy" and a price target of $17.59.

Wellington Management Group LLP reduced its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 41.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 844,028 shares of the company's stock after selling 609,417 shares during the period. Wellington Management Group LLP owned 0.12% of Host Hotels & Resorts worth $11,994,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $179,000. Boothbay Fund Management LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter worth approximately $233,000. Northern Trust Corp raised its holdings in shares of Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock worth $240,947,000 after acquiring an additional 4,158,219 shares in the last quarter. Evergreen Wealth Solutions LLC raised its holdings in shares of Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after acquiring an additional 651 shares in the last quarter. Finally, Meiji Yasuda Life Insurance Co raised its holdings in shares of Host Hotels & Resorts by 26.4% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 26,830 shares of the company's stock worth $470,000 after acquiring an additional 5,600 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. 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 price objective on the stock. Stifel Nicolaus upped their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Evercore ISI upped their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.59.

Host Hotels & Resorts Stock Down 0.5%

Host Hotels & Resorts stock traded down $0.08 during midday trading on Monday, reaching $17.21. The company's stock had a trading volume of 6,765,345 shares, compared to its average volume of 9,708,478. The stock's 50-day simple moving average is $16.12 and its 200-day simple moving average is $15.39. 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 52-week low of $12.22 and a 52-week high of $19.36. The stock has a market capitalization of $11.83 billion, a P/E ratio of 18.31 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's payout ratio is presently 85.11%.

Host Hotels & Resorts 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.