Allianz Asset Management GmbH Grows Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Allianz Asset Management GmbH increased its stake in Host Hotels & Resorts by 30.9% during the 2nd quarter, owning approximately 0.40% of the company's shares worth around $42.7 million.
• Host Hotels & Resorts reported earnings of $0.58 per share for the quarter, exceeding analysts' estimates and showcasing an 8.2% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.20 per share, representing a 4.9% annualized yield with a high payout ratio of 85.11%.

Allianz Asset Management GmbH grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 30.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,780,207 shares of the company's stock after purchasing an additional 656,331 shares during the period. Allianz Asset Management GmbH owned about 0.40% of Host Hotels & Resorts worth $42,704,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Invesco Ltd. boosted its position in Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after purchasing an additional 2,503,550 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock valued at $159,661,000 after buying an additional 183,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Host Hotels & Resorts by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company's stock valued at $107,342,000 after buying an additional 227,202 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Host Hotels & Resorts by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company's stock valued at $74,027,000 after buying an additional 1,019,345 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Host Hotels & Resorts during the 1st quarter valued at approximately $69,989,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Up 0.6%

Shares of HST stock opened at $16.28 on Friday. The stock's fifty day moving average is $16.86 and its two-hundred day moving average is $15.75. 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 has a market capitalization of $11.19 billion, a P/E ratio of 17.32 and a beta of 1.36. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.59 billion for 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%.The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.9%. Host Hotels & Resorts's payout ratio is presently 85.11%.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Host Hotels & Resorts to a "strong-buy" rating in a research report on Friday, October 3rd. Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a "neutral" rating and a $19.00 target price on the stock. UBS Group increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Host Hotels & Resorts in a research report on Wednesday, October 8th. 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 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $17.88.

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.

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.