Magnetar Financial LLC Takes $9.88 Million Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Magnetar Financial LLC acquired 695,562 shares of Host Hotels & Resorts, valued at approximately $9.88 million, representing 0.10% ownership in the company.
• Host Hotels & Resorts reported an earnings per share (EPS) of $0.58 for the last quarter, exceeding analysts' expectations of $0.51, with a revenue increase of 8.2% year-over-year.
• The company declared a quarterly dividend of $0.20 per share, reflecting an annualized yield of 4.6%, with a dividend payout ratio of 85.11%.

Magnetar Financial LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 695,562 shares of the company's stock, valued at approximately $9,884,000. Magnetar Financial LLC owned about 0.10% of Host Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of HST. NBC Securities Inc. lifted its position in shares of Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the last quarter. Versant Capital Management Inc grew its holdings in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares during the last quarter. AlphaQuest LLC purchased a new position in Host Hotels & Resorts in the first quarter worth $33,000. Brooklyn Investment Group grew its stake in Host Hotels & Resorts by 348.1% during the 1st 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 last quarter. Finally, National Pension Service increased its position in Host Hotels & Resorts by 74.8% during the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after buying an additional 1,111 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST traded down $0.08 during midday trading on Monday, reaching $17.21. 6,765,345 shares of the stock were exchanged, compared to its average volume of 9,708,478. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 18.31 and a beta of 1.36. The firm has a 50-day simple moving average of $16.12 and a two-hundred day simple moving average of $15.39. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The firm's quarterly 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. As a group, analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Wall Street Analyst Weigh In

HST has been the subject of several research reports. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price target on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Evercore ISI lifted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. 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, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $17.59.

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.