Brandywine Global Investment Management LLC Acquires Shares of 2,717,136 Host Hotels & Resorts, Inc. $HST

Key Points

• Brandywine Global Investment Management LLC has acquired 2,717,136 shares of Host Hotels & Resorts, Inc., valued at approximately $38.6 million, representing about 0.39% of the company.
• Analysts have boosted their price targets for Host Hotels & Resorts, with Wells Fargo raising theirs from $16.00 to $18.00 and Stifel Nicolaus increasing it from $17.00 to $18.50, indicating positive market sentiment.
• Host Hotels & Resorts declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 5.0% with a payout ratio of approximately 85.11%.

Brandywine Global Investment Management LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,717,136 shares of the company's stock, valued at approximately $38,611,000. Brandywine Global Investment Management LLC owned approximately 0.39% of Host Hotels & Resorts as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HST. NBC Securities Inc. raised its holdings in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares in the last quarter. Versant Capital Management Inc raised its holdings in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after acquiring an additional 2,047 shares in the last quarter. National Pension Service raised its holdings in Host Hotels & Resorts by 74.8% in the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after acquiring an additional 1,111 shares in the last quarter. IFP Advisors Inc raised its holdings in Host Hotels & Resorts by 28.4% in the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after acquiring an additional 807 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Host Hotels & Resorts by 80.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after acquiring an additional 1,906 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

HST has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Evercore ISI increased their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company increased their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Host Hotels & Resorts Price Performance

HST stock traded down $0.01 during midday trading on Wednesday, reaching $16.12. 8,578,885 shares of the company's stock traded hands, compared to its average volume of 11,153,809. The company has a 50-day simple moving average of $15.92 and a two-hundred day simple moving average of $15.38. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 17.15 and a beta of 1.34. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

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

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

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.