Investors Research Corp boosted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 27,671.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 64,708 shares of the company’s stock after purchasing an additional 64,475 shares during the period. Investors Research Corp’s holdings in Host Hotels & Resorts were worth $994,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Host Hotels & Resorts by 2.6% during the 1st 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 during the last quarter. Ascent Group LLC lifted its holdings in Host Hotels & Resorts by 4.4% during the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock valued at $290,000 after purchasing an additional 703 shares during the last quarter. Resonant Capital Advisors LLC lifted its holdings in Host Hotels & Resorts by 5.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company’s stock valued at $220,000 after purchasing an additional 760 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in 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 purchasing an additional 765 shares during the last quarter. Finally, Impact Investors Inc lifted its holdings in Host Hotels & Resorts by 1.3% during the 1st quarter. Impact Investors Inc now owns 59,112 shares of the company’s stock valued at $840,000 after purchasing an additional 773 shares during the last quarter. 98.52% of the stock is owned by institutional investors.
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Host Hotels & Resorts Trading Down 0.5%
NASDAQ HST traded down $0.09 during trading on Friday, reaching $17.52. 5,321,311 shares of the stock traded hands, compared to its average volume of 9,660,979. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 18.61 and a beta of 1.36. The stock’s 50-day moving average price is $16.55 and its 200 day moving average price is $15.51. 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, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.
Host Hotels & Resorts Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.20 dividend. 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 4.6%. Host Hotels & Resorts’s payout ratio is presently 85.11%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on HST. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Stifel Nicolaus raised their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. 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 report on Wednesday, September 3rd. 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 report on Monday, July 28th. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.77.
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About Host Hotels & Resorts
(Free Report)
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.
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