Bank of America Corp DE Takes Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Bank of America acquired 12.48 million Host Hotels & Resorts shares worth approximately $295.8 million, giving it a 1.82% stake. Institutional investors collectively own 98.52% of HST.
• Host Hotels & Resorts exceeded quarterly expectations, reporting $0.63 in EPS versus a $0.62 estimate and $1.64 billion in revenue, up 3.4% year over year.
• The company declared a quarterly dividend of $0.20 per share, equivalent to $0.80 annually and a 3.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $24.52.

Bank of America Corp DE acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,476,036 shares of the company's stock, valued at approximately $295,807,000. Bank of America Corp DE owned 1.82% of Host Hotels & Resorts at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Strategic Global Advisors LLC purchased a new stake in Host Hotels & Resorts during the 2nd quarter worth approximately $6,651,000. Freestone Grove Partners LP acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $520,000. Caisse de depot et placement du Quebec acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $113,170,000. Man Group plc purchased a new position in Host Hotels & Resorts in the second quarter valued at $36,999,000. Finally, Jupiter Topco LLC purchased a new position in Host Hotels & Resorts in the second quarter valued at $7,297,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $21.76 on Thursday. Host Hotels & Resorts, Inc. has a 12 month low of $15.61 and a 12 month high of $25.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $14.91 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. The business's fifty day moving average price is $23.24 and its 200 day moving average price is $22.19.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%.The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the business earned $0.58 EPS. Host Hotels & Resorts's revenue for the quarter was up 3.4% on a year-over-year basis. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. On average, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, September 30th. Host Hotels & Resorts's payout ratio is currently 53.33%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president owned 618,207 shares in the company, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.50% of the company's stock.

Analyst Upgrades and Downgrades

HST has been the subject of several analyst reports. Barclays boosted their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH lifted their price objective on Host Hotels & Resorts from $25.00 to $28.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Cantor Fitzgerald boosted their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Raymond James Financial reissued an "outperform" rating and set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $24.52.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates lodging real estate. The company focuses on hotels in the luxury and upper-upscale segments, with properties generally located in high-demand urban, resort and convention markets.

Host Hotels & Resorts' portfolio includes hotels operated under well-known hospitality brands, including Marriott, Hyatt and Hilton, among others. The company typically owns the real estate while hotel operations are conducted by third-party or affiliated management companies.

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