AQR Capital Management LLC Purchases 1,108,134 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• AQR Capital Management LLC increased its ownership in Host Hotels & Resorts by 382.7%, acquiring an additional 1,108,134 shares during the first quarter, bringing its total stake to 1,397,725 shares worth approximately $19.55 million.
• Host Hotels & Resorts recently reported earnings of $0.58 per share for the last quarter, exceeding analysts' estimates of $0.51, with revenue of $1.59 billion, up 8.2% year-over-year.
• The company has announced a quarterly dividend of $0.20 per share, equating to an annual yield of 4.5% and a dividend payout ratio of 85.11%.

AQR Capital Management LLC increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 382.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,397,725 shares of the company's stock after buying an additional 1,108,134 shares during the period. AQR Capital Management LLC owned 0.20% of Host Hotels & Resorts worth $19,554,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. 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 valued at $1,582,000 after purchasing an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Host Hotels & Resorts during the 1st quarter valued at about $1,453,000. Cerity Partners LLC boosted its stake in Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after purchasing an additional 9,508 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Host Hotels & Resorts by 0.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after purchasing an additional 6,592 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Host Hotels & Resorts by 48.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after purchasing an additional 16,694 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of HST traded up $0.01 during mid-day trading on Friday, reaching $17.69. 5,188,473 shares of the stock traded hands, compared to its average volume of 9,693,311. The firm has a fifty day moving average price of $16.41 and a 200 day moving average price of $15.46. The company has a market cap of $12.16 billion, a price-to-earnings ratio of 18.80 and a beta of 1.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. 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 announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The firm's quarterly 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. As a group, equities 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.5%. Host Hotels & Resorts's payout ratio is 85.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HST shares. Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. Evercore ISI lifted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Finally, Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.77.

Host Hotels & Resorts Company 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.