Host Hotels & Resorts, Inc. $HST Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec significantly increased its stake in Host Hotels & Resorts by 492.7%, acquiring a total of 1,700,484 shares valued at approximately $24.2 million.
• Host Hotels & Resorts recently reported $0.58 earnings per share (EPS) for the quarter, surpassing analyst expectations of $0.51, with revenue of $1.59 billion, an 8.2% year-over-year increase.
• The company announced a quarterly dividend of $0.20, resulting in an annualized yield of 4.7%, with a payout ratio of 85.11%.

Caisse DE Depot ET Placement DU Quebec grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 492.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,700,484 shares of the company's stock after acquiring an additional 1,413,577 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.25% of Host Hotels & Resorts worth $24,164,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. grew its stake in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after buying an additional 2,503,550 shares during the last quarter. Northern Trust Corp grew its stake in Host Hotels & Resorts by 43.3% during the 4th quarter. Northern Trust Corp now owns 13,752,705 shares of the company's stock valued at $240,947,000 after purchasing an additional 4,158,219 shares during the last quarter. Centersquare Investment Management LLC grew its stake in Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock valued at $159,661,000 after purchasing an additional 183,653 shares during the last quarter. Deutsche Bank AG grew its stake in Host Hotels & Resorts by 184.7% during the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company's stock valued at $170,855,000 after purchasing an additional 6,326,709 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Host Hotels & Resorts by 6.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,326,744 shares of the company's stock valued at $128,365,000 after purchasing an additional 433,657 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Down 0.5%

Host Hotels & Resorts stock traded down $0.08 during midday trading on Friday, reaching $17.21. The company's stock had a trading volume of 6,765,345 shares, compared to its average volume of 10,153,472. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.83 billion, a P/E ratio of 18.31 and a beta of 1.34. The business has a 50-day simple moving average of $16.12 and a 200-day simple moving average of $15.40.

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 company had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the firm earned $0.57 earnings per share. Host Hotels & Resorts's quarterly 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. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given 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 dividend yield of 4.6%. Host Hotels & Resorts's payout ratio is 85.11%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. 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 report on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Stifel Nicolaus boosted their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company boosted their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.