American Century Companies Inc. Has $11.53 Million Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• American Century Companies Inc. increased its holdings in Host Hotels & Resorts by 31.2%, owning approximately 811,247 shares valued at $11.53 million after acquiring an additional 193,020 shares in the first quarter.
• Several hedge funds adjusted their positions in Host Hotels & Resorts, with Oppenheimer Asset Management increasing its stake by 48.7% and other investors making significant upturns as well, indicating a strong interest from institutional investors.
• Analysts have mixed ratings for Host Hotels & Resorts, with six analysts rating it as a Buy and an average target price of $17.50, reflecting positive market sentiment despite recent modest trading movements.

American Century Companies Inc. lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 31.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 811,247 shares of the company's stock after acquiring an additional 193,020 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of Host Hotels & Resorts worth $11,528,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Brandywine Global Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $38,611,000. Aberdeen Group plc boosted its holdings in shares of Host Hotels & Resorts by 24.9% during the 1st quarter. Aberdeen Group plc now owns 1,824,642 shares of the company's stock valued at $25,718,000 after acquiring an additional 363,533 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts by 2.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock valued at $353,000 after acquiring an additional 638 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Host Hotels & Resorts by 136.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 7,305 shares of the company's stock valued at $104,000 after acquiring an additional 4,216 shares in the last quarter. Finally, National Pension Service raised its position in Host Hotels & Resorts by 74.8% during the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HST shares. Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. 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 for the company. Wells Fargo & Company raised their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday. Finally, Evercore ISI raised their target price 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. Six equities 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.com, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $17.59.

Host Hotels & Resorts Stock Down 0.5%

Shares of HST traded down $0.08 during trading hours on Friday, hitting $17.21. The stock had a trading volume of 6,765,345 shares, compared to its average volume of 10,153,472. 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 firm has a 50 day simple moving average of $16.12 and a 200-day simple moving average of $15.40. The firm has a market capitalization of $11.83 billion, a P/E ratio of 18.31 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.58 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 the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. Host Hotels & Resorts's dividend payout ratio (DPR) 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.