Host Hotels & Resorts, Inc. $HST Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. decreased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,704 shares of the company’s stock after selling 8,579 shares during the period. Harvest Portfolios Group Inc.’s holdings in Host Hotels & Resorts were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $69,989,000. Millennium Management LLC raised its position in Host Hotels & Resorts by 1,607.3% in the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company’s stock valued at $43,810,000 after purchasing an additional 2,902,471 shares during the last quarter. Brandywine Global Investment Management LLC purchased a new stake in Host Hotels & Resorts in the 1st quarter valued at $38,611,000. Invesco Ltd. boosted its stake in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after purchasing an additional 2,503,550 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Host Hotels & Resorts by 172.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company’s stock worth $36,960,000 after purchasing an additional 1,644,843 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 3.0%

NASDAQ HST opened at $17.84 on Friday. 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 capitalization of $12.27 billion, a P/E ratio of 18.98 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The firm has a 50-day moving average price of $16.91 and a 200 day moving average price of $16.08.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 76.19%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HST. Wells Fargo & Company raised shares of Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $22.00 in a research note on Friday. Evercore ISI increased their price objective 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. Finally, UBS Group boosted their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.38.

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.