Host Hotels & Resorts, Inc. $HST Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,426 shares of the company’s stock after selling 11,410 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Host Hotels & Resorts were worth $1,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HST. NBC Securities Inc. increased 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 worth $26,000 after acquiring an additional 1,852 shares during the last quarter. Armstrong Advisory Group Inc. increased its stake in Host Hotels & Resorts by 953.5% during the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after acquiring an additional 1,516 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Host Hotels & Resorts by 50.0% during the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares during the last quarter. AlphaQuest LLC acquired a new stake in Host Hotels & Resorts during the first quarter worth about $33,000. Finally, Brooklyn Investment Group increased its stake in Host Hotels & Resorts by 348.1% during the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock worth $34,000 after acquiring an additional 1,845 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Down 0.4%

NASDAQ HST opened at $16.19 on Friday. The stock’s 50 day moving average is $16.76 and its two-hundred day moving average is $15.68. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year 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 company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 17.22 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HST. Truist Financial upped their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 target price for the company. Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Cantor Fitzgerald started coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

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.