ING Groep NV Cuts Stock Holdings in Host Hotels & Resorts, Inc. $HST

ING Groep NV lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 83.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,661 shares of the company’s stock after selling 404,619 shares during the quarter. ING Groep NV’s holdings in Host Hotels & Resorts were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $554,669,000. Geode Capital Management LLC raised its position in Host Hotels & Resorts by 2.6% in the second quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company’s stock worth $398,425,000 after acquiring an additional 636,983 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Host Hotels & Resorts by 3.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,734,333 shares of the company’s stock worth $164,879,000 after acquiring an additional 341,915 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Host Hotels & Resorts by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 5,668,976 shares of the company’s stock valued at $87,075,000 after acquiring an additional 154,893 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Host Hotels & Resorts by 199.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company’s stock worth $81,320,000 after purchasing an additional 3,523,534 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 11,954 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $18.15, for a total value of $216,965.10. Following the completion of the transaction, the executive vice president owned 668,927 shares of the company’s stock, valued at $12,141,025.05. The trade was a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Host Hotels & Resorts Stock Up 1.8%

HST stock opened at $19.89 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company’s 50 day simple moving average is $18.54 and its 200-day simple moving average is $17.43. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $20.33. The firm has a market capitalization of $13.68 billion, a PE ratio of 18.94, a P/E/G ratio of 2.29 and a beta of 1.17.

Host Hotels & Resorts Dividend Announcement

The company also recently declared an annual dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 85.0%. Host Hotels & Resorts’s payout ratio is 76.19%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HST. UBS Group set a $21.00 price target on shares of Host Hotels & Resorts in a report on Friday, January 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Host Hotels & Resorts in a research report on Monday, December 29th. Robert W. Baird set a $20.00 price target on shares of Host Hotels & Resorts in a research report on Monday, January 12th. Evercore lowered Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target on the stock. in a research note on Tuesday, November 11th. Finally, Truist Financial upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.32.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.