Acadian Asset Management LLC Has $5.78 Million Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• Acadian Asset Management LLC increased its stock position in Host Hotels & Resorts by 27.8%, owning approximately 406,698 shares valued at $5,778,000 as of the latest SEC filing.
• Several other institutional investors have significantly raised their stakes in Host Hotels & Resorts, with NBC Securities Inc. increasing its holdings by an astonishing 185,200.0% in the first quarter.
• Host Hotels & Resorts recently declared a quarterly dividend of $0.20, reflecting an annualized payout of $0.80 and a dividend yield of 4.5%.

Acadian Asset Management LLC boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 27.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 406,698 shares of the company's stock after buying an additional 88,483 shares during the quarter. Acadian Asset Management LLC owned approximately 0.06% of Host Hotels & Resorts worth $5,778,000 at the end of the most recent quarter.

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

Host Hotels & Resorts Price Performance

Shares of HST stock traded up $0.06 during trading hours on Monday, hitting $17.66. The company had a trading volume of 8,161,217 shares, compared to its average volume of 7,952,734. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The firm's fifty day moving average is $16.47 and its 200 day moving average is $15.47. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 18.79 and a beta of 1.36.

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 for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The business'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 predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analysts Set New Price Targets

HST has been the subject of a number of recent analyst reports. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI boosted their price objective 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 raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target for the company. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.77.

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.