Caxton Associates LLP Takes $1.24 Million Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Caxton Associates LLP has taken a new position in Host Hotels & Resorts, acquiring 87,115 shares valued at approximately $1.24 million in the first quarter.
• The company's most recent earnings report showed $0.58 EPS, surpassing analysts' expectations, with quarterly revenue of $1.59 billion, marking an increase of 8.2% year-over-year.
• Host Hotels & Resorts recently declared a quarterly dividend of $0.20 per share, resulting in a dividend yield of 4.6% and a payout ratio of 85.11%.

Caxton Associates LLP purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 87,115 shares of the company's stock, valued at approximately $1,238,000.

A number of other hedge funds have also made changes to their positions in HST. Goldman Sachs Group Inc. lifted its stake in Host Hotels & Resorts by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company's stock worth $74,027,000 after purchasing an additional 1,019,345 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Host Hotels & Resorts by 155.7% during the first quarter. Dynamic Technology Lab Private Ltd now owns 40,562 shares of the company's stock valued at $576,000 after purchasing an additional 24,698 shares in the last quarter. UniSuper Management Pty Ltd raised its stake in shares of Host Hotels & Resorts by 3.5% during the first quarter. UniSuper Management Pty Ltd now owns 319,795 shares of the company's stock valued at $4,544,000 after purchasing an additional 10,813 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in Host Hotels & Resorts by 1.3% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 192,149 shares of the company's stock worth $2,730,000 after acquiring an additional 2,499 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Host Hotels & Resorts by 80.5% in the first quarter. NewEdge Advisors LLC now owns 23,800 shares of the company's stock worth $338,000 after purchasing an additional 10,618 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HST. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Evercore ISI boosted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Truist Financial boosted their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus upped their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.77.

Host Hotels & Resorts Price Performance

Shares of HST stock traded up $0.06 on Monday, hitting $17.66. 1,896,845 shares of the company's stock were exchanged, compared to its average volume of 9,663,619. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month high of $19.36. The stock has a market cap of $12.14 billion, a P/E ratio of 18.77 and a beta of 1.36. The company has a 50 day moving average of $16.43 and a 200 day moving average of $15.46.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.5%. 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.