MBB Public Markets I LLC Buys Shares of 21,042 Host Hotels & Resorts, Inc. $HST

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 bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 21,042 shares of the company's stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after buying an additional 2,047 shares during the period. AlphaQuest LLC acquired a new position in shares of Host Hotels & Resorts during the first quarter worth about $33,000. Brooklyn Investment Group boosted its position in shares of Host Hotels & Resorts by 348.1% during the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after buying an additional 1,845 shares during the period. Finally, National Pension Service boosted its position in shares of Host Hotels & Resorts by 74.8% during the first quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after buying an additional 1,111 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 0.7%

Shares of HST traded up $0.13 during trading hours on Wednesday, hitting $17.79. The stock had a trading volume of 1,785,982 shares, compared to its average volume of 9,645,007. 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 firm has a 50 day simple moving average of $16.50 and a 200-day simple moving average of $15.48. The firm has a market capitalization of $12.23 billion, a P/E ratio of 18.93 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year 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 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's payout ratio is presently 85.11%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Truist Financial increased their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Evercore ISI raised their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.77.

Host Hotels & Resorts 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.