Kennedy Capital Management LLC Sells 46,544 Shares of Host Hotels & Resorts, Inc. $HST

Kennedy Capital Management LLC lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 530,120 shares of the company’s stock after selling 46,544 shares during the period. Kennedy Capital Management LLC’s holdings in Host Hotels & Resorts were worth $8,143,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HST. EverSource Wealth Advisors LLC grew its position in shares of Host Hotels & Resorts by 413.4% in the second quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock valued at $72,000 after purchasing an additional 3,799 shares during the last quarter. Groupe la Francaise lifted its holdings in Host Hotels & Resorts by 23.3% during the 2nd quarter. Groupe la Francaise now owns 38,724 shares of the company’s stock worth $594,000 after purchasing an additional 7,318 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in Host Hotels & Resorts in the 2nd quarter valued at $173,000. Arrowstreet Capital Limited Partnership grew its holdings in Host Hotels & Resorts by 199.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company’s stock valued at $81,320,000 after buying an additional 3,523,534 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Host Hotels & Resorts by 3.4% in the 2nd quarter. M&T Bank Corp now owns 89,939 shares of the company’s stock valued at $1,381,000 after buying an additional 2,993 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HST. Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday. Evercore ISI lowered shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price on the stock. in a research report on Tuesday, November 11th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $22.00 in a report on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.54.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.16 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. 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 $11.80 billion, a P/E ratio of 16.34 and a beta of 1.18. The stock has a fifty day moving average of $16.95 and a 200-day moving average of $16.46.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.7%. Host Hotels & Resorts’s dividend payout ratio is presently 76.19%.

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.