Advisors Capital Management LLC Boosts Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• Advisors Capital Management LLC increased its stake in Host Hotels & Resorts by 54.8%, now owning over 1.36 million shares valued at approximately $19.4 million.
• Multiple institutional investors have significantly increased their holdings, contributing to a robust 98.52% ownership by hedge funds and other institutions.
• Research analysts have a consensus rating of "Moderate Buy" for Host Hotels & Resorts, with a price target averaging $17.77, as the stock recently opened at $17.59.

Advisors Capital Management LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 54.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,365,323 shares of the company's stock after purchasing an additional 483,478 shares during the quarter. Advisors Capital Management LLC owned approximately 0.20% of Host Hotels & Resorts worth $19,401,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 worth $1,582,000 after acquiring an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in Host Hotels & Resorts during the first quarter worth about $1,453,000. Cerity Partners LLC lifted its position in Host Hotels & Resorts by 32.9% during the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after purchasing an additional 9,508 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Host Hotels & Resorts by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after acquiring an additional 6,592 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in Host Hotels & Resorts by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after buying an additional 16,694 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on HST shares. Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI upped their price target 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. Finally, Stifel Nicolaus upped their price target 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. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.77.

Host Hotels & Resorts Price Performance

NASDAQ HST traded down $0.08 on Friday, reaching $17.60. 8,215,081 shares of the company's stock traded hands, compared to its average volume of 8,087,043. 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 current ratio of 2.20 and a quick ratio of 2.20. The stock has a 50-day simple moving average of $16.43 and a 200 day simple moving average of $15.46. The stock has a market cap of $12.10 billion, a PE ratio of 18.72 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating 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 business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the business earned $0.57 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

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

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.