258,133 Host Hotels & Resorts, Inc. $HST Shares Bought by Candriam S.C.A.

Key Points

• Candriam S.C.A. increased its Host Hotels & Resorts stake by 81.8% in the third quarter, adding 258,133 shares to bring its holdings to 573,836 shares, worth about $12.9 million.
• Analysts have a “Moderate Buy” consensus on HST, with an average price target of $25.35; ratings include one Strong Buy, eight Buys, and six Holds.
• Host reported quarterly EPS of $0.10, beating estimates by $0.01, while revenue of $1.35 billion was slightly below forecasts. The company’s quarterly dividend was $0.20 per share, equivalent to an annualized yield of about 3.2%.

Candriam S.C.A. increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 81.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 573,836 shares of the company's stock after acquiring an additional 258,133 shares during the period. Candriam S.C.A. owned about 0.08% of Host Hotels & Resorts worth $12,895,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Root Financial Partners LLC bought a new position in Host Hotels & Resorts during the third quarter worth about $50,000. Provenance Wealth Advisors LLC boosted its holdings in Host Hotels & Resorts by 12,526.1% during the third quarter. Provenance Wealth Advisors LLC now owns 2,904 shares of the company's stock valued at $65,000 after purchasing an additional 2,881 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Host Hotels & Resorts by 14.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company's stock valued at $117,000 after purchasing an additional 629 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $129,000. Finally, Heritage Family Offices LLP bought a new stake in shares of Host Hotels & Resorts in the 3rd quarter valued at approximately $135,000. Institutional investors own 98.52% of the company's stock.

Insider Buying and Selling at Host Hotels & Resorts

In related news, EVP Nathan Tyrrell sold 63,882 shares of Host Hotels & Resorts stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president directly owned 618,207 shares of the company's stock, valued at $14,299,127.91. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.50% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on HST. Weiss Ratings raised Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 14th. Truist Financial upped their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Barclays increased their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 13th. Evercore set a $26.00 price objective on Host Hotels & Resorts in a report on Monday, October 26th. Finally, Cantor Fitzgerald boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $25.35.

Host Hotels & Resorts Stock Up 2.7%

Shares of HST opened at $25.28 on Tuesday. The company has a market capitalization of $17.32 billion, a P/E ratio of 18.45, a PEG ratio of 3.61 and a beta of 1.09. Host Hotels & Resorts, Inc. has a one year low of $16.77 and a one year high of $26.19. The business's 50 day simple moving average is $23.27 and its 200-day simple moving average is $22.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a return on equity of 14.19% and a net margin of 15.01%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the firm posted $0.35 EPS. The business's revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. Host Hotels & Resorts's dividend payout ratio (DPR) is 58.39%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets.

The company's hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

Host traces its history to Host Marriott Corporation, established in 1993, and adopted the REIT structure in 1998.

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