Host Hotels & Resorts, Inc. $HST Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,188 shares of the company’s stock after selling 2,728 shares during the period. Baker Ellis Asset Management LLC’s holdings in Host Hotels & Resorts were worth $571,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HST. NBC Securities Inc. lifted its stake in Host Hotels & Resorts by 185,200.0% during the first 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 in the last quarter. Versant Capital Management Inc grew 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 valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter worth about $33,000. Brooklyn Investment Group lifted its position in shares of 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 buying an additional 1,845 shares during the last quarter. Finally, National Pension Service lifted its position in shares of Host Hotels & Resorts by 74.8% during 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 last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HST shares. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price target for the company. Evercore ISI upped their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Truist Financial increased their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. Stifel Nicolaus increased their price target 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. Finally, Wells Fargo & Company increased their price target on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.77.

Host Hotels & Resorts Trading Down 0.5%

Host Hotels & Resorts stock opened at $17.60 on Monday. 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 $12.10 billion, a P/E ratio of 18.72 and a beta of 1.36. The stock has a 50-day simple moving average of $16.43 and a 200 day simple moving average of $15.46. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s 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. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date 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.