Park Avenue Securities LLC Decreases Stock Holdings in Host Hotels & Resorts, Inc. $HST

Park Avenue Securities LLC reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,305 shares of the company’s stock after selling 1,855 shares during the period. Park Avenue Securities LLC’s holdings in Host Hotels & Resorts were worth $343,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in shares of 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 last quarter. Centersquare Investment Management LLC raised its stake in Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock worth $159,661,000 after acquiring an additional 183,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Host Hotels & Resorts by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock worth $107,342,000 after acquiring an additional 227,202 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Host Hotels & Resorts by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock worth $74,027,000 after acquiring an additional 1,019,345 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Host Hotels & Resorts during the 1st quarter worth $69,989,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HST. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a “neutral” rating and a $16.00 price target on the stock. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Evercore ISI lifted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, UBS Group lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.77.

Host Hotels & Resorts Trading Down 2.4%

Shares of Host Hotels & Resorts stock opened at $17.02 on Wednesday. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 18.11 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 company’s 50-day simple moving average is $16.71 and its 200-day simple moving average is $15.61. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. Host Hotels & Resorts’s payout ratio is currently 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.