Asset Management One Co. Ltd. Acquires 106,607 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Asset Management One increased its Host Hotels & Resorts stake by 10.3%, acquiring 106,607 shares to own 1.15 million shares valued at approximately $25.7 million. Institutional investors collectively own 98.52% of HST.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $25.14. Recent targets range from $24 to $27.
• Host Hotels reported quarterly EPS of $0.63, exceeding estimates, while revenue rose 3.4% year over year to $1.64 billion. The company also declared a $0.20 quarterly dividend, providing a 3.1% annualized yield.

Asset Management One Co. Ltd. grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,146,079 shares of the company's stock after acquiring an additional 106,607 shares during the quarter. Asset Management One Co. Ltd. owned about 0.17% of Host Hotels & Resorts worth $25,661,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HST. BlackRock Inc. bought a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $2,096,191,000. Deutsche Bank AG purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $296,560,000. Bank of America Corp DE bought a new position in Host Hotels & Resorts during the second quarter valued at about $295,807,000. Bank of New York Mellon Corp bought a new position in Host Hotels & Resorts during the second quarter valued at about $143,770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Host Hotels & Resorts by 16,183.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,323,184 shares of the company's stock worth $126,213,000 after buying an additional 5,290,493 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HST. Cantor Fitzgerald lifted their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 14th. JPMorgan Chase & Co. lifted their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.14.

Insider Buying and Selling

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of Host Hotels & Resorts stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the transaction, the executive vice president directly owned 618,207 shares of the company's stock, valued at approximately $14,299,127.91. This trade represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST opened at $25.70 on Friday. The company's fifty day moving average price is $22.91 and its 200-day moving average price is $21.87. The firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.50 and a beta of 1.09. Host Hotels & Resorts, Inc. has a one year low of $15.61 and a one year high of $25.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 2.19 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.1%. Host Hotels & Resorts's dividend payout ratio is currently 53.33%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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