FORA Capital LLC Acquires New Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• FORA Capital LLC has acquired a new position in Host Hotels & Resorts, purchasing 111,630 shares valued at approximately $1.59 million.
• Annual yield for Host Hotels & Resorts is currently 4.7%, with a recently declared dividend of $0.20 paid to shareholders.
• Analysts have a consensus rating of "Moderate Buy" for Host Hotels & Resorts, with an average target price of $17.50.

FORA Capital LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 111,630 shares of the company's stock, valued at approximately $1,586,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its stake in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares during the period. Versant Capital Management Inc raised its stake in Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares during the period. AlphaQuest LLC bought a new stake in Host Hotels & Resorts during the 1st quarter valued at approximately $33,000. Brooklyn Investment Group raised its stake in Host Hotels & Resorts by 348.1% during the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after purchasing an additional 1,845 shares during the period. Finally, National Pension Service raised its stake in Host Hotels & Resorts by 74.8% during the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after purchasing an additional 1,111 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 0.5%

Shares of Host Hotels & Resorts stock traded down $0.08 on Friday, reaching $17.21. The company had a trading volume of 6,765,345 shares, compared to its average volume of 10,153,472. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 18.31 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The firm's 50-day moving average price is $16.12 and its two-hundred day moving average price is $15.40. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Host Hotels & Resorts's payout ratio is presently 85.11%.

Wall Street Analysts Forecast Growth

HST has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Evercore ISI lifted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Stifel Nicolaus lifted 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. Finally, Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.59.

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.