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

Other institutional investors and hedge funds have also modified their holdings of the company. Freedom Investment Management Inc. boosted its position in Host Hotels & Resorts by 2.9% in the 4th quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after buying an additional 622 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Host Hotels & Resorts by 2.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock valued at $353,000 after purchasing an additional 638 shares during the period. Evergreen Wealth Solutions LLC grew its stake in Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after purchasing an additional 651 shares in the last quarter. Ascent Group LLC increased its holdings in Host Hotels & Resorts by 4.4% during the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after purchasing an additional 703 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in Host Hotels & Resorts by 5.2% in the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock valued at $220,000 after purchasing an additional 760 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI upped their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $17.50.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded up $0.28 during midday trading on Tuesday, reaching $16.13. The stock had a trading volume of 6,917,971 shares, compared to its average volume of 9,814,139. The stock has a market cap of $11.09 billion, a P/E ratio of 17.16 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, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The firm has a fifty day simple moving average of $15.92 and a two-hundred day simple moving average of $15.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $0.57 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.0%. Host Hotels & Resorts's dividend payout ratio 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.