32,469 Shares in Host Hotels & Resorts, Inc. $HST Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 32,469 shares of Host Hotels & Resorts, valued at approximately $499,000, marking a new investment in the company.
• Host Hotels & Resorts reported $1.59 billion** in revenue for the last quarter, exceeding analysts' expectations, and $0.58 earnings per share, surpassing the consensus estimate by $0.07.
• The company declared a quarterly dividend of $0.20, representing an annualized yield of 4.9%, with a dividend payout ratio of 85.11%.

Callan Family Office LLC bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 32,469 shares of the company's stock, valued at approximately $499,000.

Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Host Hotels & Resorts by 3.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after buying an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Host Hotels & Resorts during the 1st quarter valued at about $1,453,000. Ballentine Partners LLC purchased a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at about $202,000. Cerity Partners LLC raised its stake in shares of Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after buying an additional 9,508 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Host Hotels & Resorts by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after buying an additional 6,592 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Up 0.7%

HST stock opened at $16.38 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The stock has a market cap of $11.26 billion, a price-to-earnings ratio of 17.43 and a beta of 1.36. The business's 50-day moving average is $16.80 and its 200 day moving average is $15.72.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) 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 company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the previous year, the firm posted $0.57 EPS. Host Hotels & Resorts's revenue was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.9%. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent research reports. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective for the company. Cantor Fitzgerald started coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a "neutral" rating and a $19.00 target price on the stock. Wells Fargo & Company upgraded Host Hotels & Resorts to a "strong-buy" rating in a research report on Friday, October 3rd. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. 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 research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts has an average rating of "Moderate Buy" and an average target price of $17.88.

About Host Hotels & Resorts

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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