Dynamic Technology Lab Private Ltd Raises Stake in Host Hotels & Resorts, Inc. $HST

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Host Hotels & Resorts by 155.7% during the first quarter, owning 40,562 shares valued at $576,000.
• Several institutional investors also boosted their positions, with notable increases including NBC Securities Inc. at 185,200% and Versant Capital Management Inc. at 696.3%.
• Analysts have given Host Hotels & Resorts an average rating of "Moderate Buy" with a price target of $17.77, following several upward adjustments from firms such as Wells Fargo and Morgan Stanley.

Dynamic Technology Lab Private Ltd raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 155.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 40,562 shares of the company's stock after acquiring an additional 24,698 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Host Hotels & Resorts were worth $576,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HST. NBC Securities Inc. lifted its stake in shares of Host Hotels & Resorts by 185,200.0% in the 1st 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 lifted its stake in shares of 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 period. AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $33,000. Brooklyn Investment Group lifted its stake in shares of 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 period. Finally, National Pension Service lifted its stake in shares of 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 period. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HST shares. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Truist Financial raised their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Evercore ISI raised their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus raised their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.77.

Host Hotels & Resorts Price Performance

NASDAQ:HST traded down $0.08 during mid-day trading on Friday, hitting $17.60. 8,215,081 shares of the company's stock traded hands, compared to its average volume of 8,087,043. 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 firm's 50 day simple moving average is $16.43 and its 200 day simple moving average is $15.47. 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 $12.10 billion, a PE ratio of 18.72 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $0.57 EPS. The firm's revenue for the quarter 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. Sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued 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 payout ratio 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.