Host Hotels & Resorts, Inc. $HST Position Boosted by Amundi

Key Points

• Amundi has increased its stake in Host Hotels & Resorts by 7.7%, owning 3,814,063 shares valued at approximately $50.7 million as of its recent SEC filing.
• Several analysts have raised their price targets for HST, with Wells Fargo and Evercore ISI setting targets of $19.00 and $20.00 respectively, indicating a consensus rating of Moderate Buy.
• Host Hotels & Resorts recently announced a quarterly dividend of $0.20 per share, yielding 4.6%, with an annualized dividend payout of $0.80.

Amundi boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,814,063 shares of the company's stock after purchasing an additional 271,521 shares during the period. Amundi owned approximately 0.55% of Host Hotels & Resorts worth $50,741,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HST. NBC Securities Inc. grew its holdings in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after acquiring an additional 1,852 shares during the period. Versant Capital Management Inc grew its stake in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $33,000. Brooklyn Investment Group grew its stake in shares of Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after purchasing an additional 1,845 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Host Hotels & Resorts by 74.8% in the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock worth $37,000 after purchasing an additional 1,111 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 0.5%

HST traded down $0.08 during trading on Friday, reaching $17.60. The company had a trading volume of 8,215,081 shares, compared to its average volume of 8,087,043. The firm's 50-day simple moving average is $16.43 and its 200 day simple moving average is $15.47. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 18.72 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. 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 (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping 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 analysts' expectations of $1.51 billion. During the same quarter last year, the business posted $0.57 EPS. Host Hotels & Resorts'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. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's payout ratio is 85.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Wells Fargo & Company lifted their price objective 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. Evercore ISI lifted their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Truist Financial lifted their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus lifted their price target 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 analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.77.

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.