78,748 Shares in Host Hotels & Resorts, Inc. $HST Acquired by Abundance Wealth Counselors

Key Points

• Abundance Wealth Counselors acquired 78,748 shares of Host Hotels & Resorts, valued at approximately $1.21 million, marking a new investment position in the company.
• Institutional investors now own 98.52% of Host Hotels & Resorts' stock, demonstrating significant institutional interest in the company.
• Host Hotels & Resorts has announced a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 4.7%.

Abundance Wealth Counselors bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 78,748 shares of the company's stock, valued at approximately $1,210,000.

Several other hedge funds have also added to or reduced their stakes in HST. Nuveen LLC acquired a new stake in Host Hotels & Resorts during the 1st quarter worth approximately $69,989,000. Millennium Management LLC boosted its position in Host Hotels & Resorts by 1,607.3% during the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock worth $43,810,000 after buying an additional 2,902,471 shares during the period. Brandywine Global Investment Management LLC acquired a new stake in Host Hotels & Resorts during the 1st quarter worth approximately $38,611,000. Invesco Ltd. boosted its position in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after buying an additional 2,503,550 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Host Hotels & Resorts by 172.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company's stock worth $36,960,000 after buying an additional 1,644,843 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HST has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Cantor Fitzgerald began coverage on shares of Host Hotels & Resorts in a research report on Wednesday. They issued a "neutral" rating and a $19.00 price target on the stock. UBS Group boosted their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. Finally, Evercore ISI boosted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.88.

Host Hotels & Resorts Stock Up 0.4%

Shares of NASDAQ HST opened at $17.11 on Friday. The company's 50 day moving average price is $16.74 and its 200-day moving average price is $15.63. The company has a market capitalization of $11.76 billion, a P/E ratio of 18.20 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. Host Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.57 EPS. 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 year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.7%. Host Hotels & Resorts's payout ratio is currently 85.11%.

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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