Amundi Increases Stock Holdings in Host Hotels & Resorts, Inc. $HST

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 grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,814,063 shares of the company's stock after acquiring an additional 271,521 shares during the quarter. Amundi owned about 0.55% of Host Hotels & Resorts worth $50,741,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HST. NBC Securities Inc. boosted its position in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Host Hotels & Resorts by 696.3% in the first 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 last quarter. AlphaQuest LLC purchased a new stake in Host Hotels & Resorts in the first quarter valued at $33,000. Brooklyn Investment Group boosted its holdings in Host Hotels & Resorts by 348.1% in the first 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 last quarter. Finally, National Pension Service boosted its holdings in Host Hotels & Resorts by 74.8% in the first 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 last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Analysts Set New Price Targets

HST has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. 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. Finally, Truist Financial upped their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and an average price target of $17.77.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded down $0.03 during midday trading on Friday, reaching $17.65. 2,119,285 shares of the company's stock traded hands, compared to its average volume of 9,673,571. 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 $12.13 billion, a P/E ratio of 18.79 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The company has a fifty day simple moving average of $16.41 and a two-hundred day simple moving average of $15.46.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) 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 analyst estimates of $1.51 billion. During the same quarter 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. Equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. Host Hotels & Resorts's dividend payout ratio (DPR) is 85.11%.

Host Hotels & Resorts 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.