21,042 Shares in Host Hotels & Resorts, Inc. $HST Purchased by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired a new stake in Host Hotels & Resorts, purchasing 21,042 shares valued at approximately $299,000 during the 1st quarter.
• Host Hotels & Resorts reported a quarterly earnings per share (EPS) of $0.58, exceeding analysts' expectations and marking an 8.2% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.20, representing a 4.5% dividend yield, with a payout ratio currently at 85.11%.

MBB Public Markets I LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 21,042 shares of the company's stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HST. Rush Island Management LP purchased a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $99,402,000. Nuveen LLC purchased a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $69,989,000. Millennium Management LLC raised its holdings in shares of Host Hotels & Resorts by 1,607.3% in the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock valued at $43,810,000 after acquiring an additional 2,902,471 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at about $38,611,000. Finally, Invesco Ltd. raised its holdings in shares of Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock valued at $356,088,000 after acquiring an additional 2,503,550 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 0.5%

HST stock opened at $17.68 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The business has a fifty day moving average price of $16.41 and a 200-day moving average price of $15.46. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $12.16 billion, a P/E ratio of 18.81 and a beta of 1.36.

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

Host Hotels & Resorts Announces Dividend

The company 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 $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Host Hotels & Resorts's payout ratio is currently 85.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Evercore ISI increased their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.77.

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.

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