Host Hotels & Resorts, Inc. $HST Shares Bought by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets increased its holdings in Host Hotels & Resorts by 172% during the first quarter, owning a total of 2,600,965 shares valued at approximately $36.96 million.
• The company's quarterly earnings exceeded analysts' expectations, reporting $0.58 EPS compared to an estimated $0.51, with revenues of $1.59 billion, up 8.2% year-over-year.
• Host Hotels & Resorts also declared a quarterly dividend of $0.20, representing an annualized dividend of $0.80 and a yield of 4.6%, with a high dividend payout ratio of 85.11%.

BNP Paribas Financial Markets lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 172.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,600,965 shares of the company's stock after purchasing an additional 1,644,843 shares during the period. BNP Paribas Financial Markets owned about 0.37% of Host Hotels & Resorts worth $36,960,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Host Hotels & Resorts by 2.6% during the first 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 in the last quarter. Ascent Group LLC increased its stake in shares of 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 purchasing an additional 703 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of 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 purchasing an additional 760 shares in the last quarter. Impact Investors Inc increased its stake in shares of Host Hotels & Resorts by 1.3% during the first quarter. Impact Investors Inc now owns 59,112 shares of the company's stock worth $840,000 after purchasing an additional 773 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock worth $52,000 after purchasing an additional 807 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

HST has been the subject of a number of research reports. Wells Fargo & Company boosted 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 note on Wednesday, August 27th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday. Evercore ISI upped their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note 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 price objective for the company. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.77.

Host Hotels & Resorts Trading Up 2.3%

Shares of NASDAQ HST traded up $0.40 during midday trading on Thursday, reaching $17.59. 8,943,954 shares of the stock were exchanged, compared to its average volume of 9,754,848. The company has a 50 day simple moving average of $16.21 and a 200 day simple moving average of $15.42. The stock has a market capitalization of $12.09 billion, a P/E ratio of 18.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business's revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) 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.