Systematic Financial Management LP Has $2.68 Million Stock Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Systematic Financial Management LP increased its holdings in Host Hotels & Resorts by 31.2%, acquiring an additional 44,840 shares, bringing their total to 188,335 shares valued at approximately $2.68 million.
• Host Hotels & Resorts reported earnings per share of $0.58 for the last quarter, exceeding analysts' estimates of $0.51, with a year-over-year revenue increase of 8.2% to $1.59 billion.
• The company announced a quarterly dividend of $0.20 per share, representing an annualized total of $0.80 and a dividend yield of 4.7%.

Systematic Financial Management LP boosted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 31.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,335 shares of the company's stock after purchasing an additional 44,840 shares during the period. Systematic Financial Management LP's holdings in Host Hotels & Resorts were worth $2,676,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. Mariner LLC grew its position in Host Hotels & Resorts by 10.3% during the fourth quarter. Mariner LLC now owns 46,476 shares of the company's stock valued at $814,000 after purchasing an additional 4,357 shares in the last quarter. Marshall Wace LLP purchased a new position in Host Hotels & Resorts during the fourth quarter valued at approximately $1,717,000. First Trust Advisors LP grew its position in Host Hotels & Resorts by 38.6% during the fourth quarter. First Trust Advisors LP now owns 671,803 shares of the company's stock valued at $11,770,000 after purchasing an additional 186,996 shares in the last quarter. MetLife Investment Management LLC grew its position in Host Hotels & Resorts by 0.8% during the fourth quarter. MetLife Investment Management LLC now owns 205,501 shares of the company's stock valued at $3,600,000 after purchasing an additional 1,632 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Host Hotels & Resorts by 2,599.8% during the fourth quarter. Stifel Financial Corp now owns 470,386 shares of the company's stock valued at $8,241,000 after purchasing an additional 452,963 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HST shares. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price 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. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Stifel Nicolaus lifted their target price 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. Finally, Evercore ISI lifted their target price 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. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.59.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.08 on Thursday, hitting $17.29. The company's stock had a trading volume of 10,513,918 shares, compared to its average volume of 9,823,299. The firm has a market cap of $11.89 billion, a P/E ratio of 18.39 and a beta of 1.34. 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 fifty day moving average price of $16.05 and a 200-day moving average price of $15.39. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36.

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

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 annualized dividend and a yield of 4.6%. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Host Hotels & Resorts Company 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.