Acadian Asset Management LLC Acquires 88,483 Shares of 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 lifted its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 27.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 406,698 shares of the company's stock after acquiring an additional 88,483 shares during the period. Acadian Asset Management LLC owned approximately 0.06% of Host Hotels & Resorts worth $5,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. NBC Securities Inc. raised its position in shares of Host Hotels & Resorts by 185,200.0% in 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 raised its position in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after acquiring an additional 2,047 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Host Hotels & Resorts in the 1st quarter worth about $33,000. Brooklyn Investment Group raised its position in shares of Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after acquiring an additional 1,845 shares in the last quarter. Finally, National Pension Service raised its position in shares of Host Hotels & Resorts by 74.8% in the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after acquiring an additional 1,111 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on HST. Truist Financial boosted their target price 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. 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 target on the stock. Evercore ISI upped their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus upped their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Stock Up 0.5%

HST traded up $0.08 during midday trading on Thursday, reaching $17.60. 8,147,429 shares of the company were exchanged, compared to its average volume of 8,211,117. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 18.72 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. The company's fifty day moving average price is $16.55 and its 200 day moving average price is $15.51. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) 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 return on equity of 9.90% and a net margin of 11.12%.Host Hotels & Resorts's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

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

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.