Host Hotels & Resorts, Inc. $HST Shares Purchased by AQR Capital Management LLC

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 boosted its holdings in shares of 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. The institutional investor owned 1,397,725 shares of the company's stock after acquiring 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.

A number of other institutional investors have also bought and sold shares of the business. 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 worth $353,000 after purchasing an additional 638 shares during the last quarter. Ascent Group LLC lifted its position in Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after buying an additional 703 shares in the last quarter. Resonant Capital Advisors LLC boosted its stake in Host Hotels & Resorts by 5.2% during the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock worth $220,000 after buying an additional 760 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Host Hotels & Resorts by 3.7% in the 1st quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company's stock valued at $303,000 after buying an additional 765 shares in the last quarter. Finally, Impact Investors Inc increased its stake in shares of Host Hotels & Resorts by 1.3% in the 1st quarter. Impact Investors Inc now owns 59,112 shares of the company's stock worth $840,000 after acquiring an additional 773 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Evercore ISI lifted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus upped their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Trading Down 0.5%

Shares of HST traded down $0.08 during midday trading on Friday, hitting $17.60. 8,215,081 shares of the stock were exchanged, compared to its average volume of 8,087,043. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. 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 stock has a fifty day simple moving average of $16.43 and a 200 day simple moving average of $15.46. The firm has a market cap of $12.10 billion, a P/E ratio of 18.72 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its 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. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations 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 revenue for the quarter was up 8.2% on a year-over-year basis. 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. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal 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. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. Host Hotels & Resorts's payout ratio is 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.