Franklin Resources Inc. Sells 74,743 Shares of Host Hotels & Resorts, Inc. $HST

Franklin Resources Inc. trimmed its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,405 shares of the company’s stock after selling 74,743 shares during the period. Franklin Resources Inc. owned approximately 0.06% of Host Hotels & Resorts worth $5,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of HST. Tokio Marine Asset Management Co. Ltd. raised its stake in Host Hotels & Resorts by 2.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company’s stock valued at $353,000 after purchasing an additional 638 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after buying an additional 691 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Host Hotels & Resorts by 3.7% during the 1st quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company’s stock valued at $303,000 after buying an additional 765 shares in the last quarter. IFP Advisors Inc raised its position in shares of Host Hotels & Resorts by 23.1% during the 2nd quarter. IFP Advisors Inc now owns 4,489 shares of the company’s stock valued at $74,000 after buying an additional 841 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Host Hotels & Resorts by 0.5% in the 2nd quarter. ProShare Advisors LLC now owns 216,857 shares of the company’s stock valued at $3,331,000 after acquiring an additional 1,031 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Truist Financial boosted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. UBS Group increased their price target on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Host Hotels & Resorts in a research report on Monday, November 24th. Wells Fargo & Company raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Cantor Fitzgerald began coverage on shares of Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 target price on the stock. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.38.

Host Hotels & Resorts Stock Performance

HST stock opened at $17.81 on Monday. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 18.95 and a beta of 1.36. The business’s fifty day simple moving average is $16.93 and its two-hundred day simple moving average is $16.42. 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 posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. Host Hotels & Resorts’s 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.