UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• UBS Asset Management increased its stake in Host Hotels & Resorts by 3.1% in the first quarter, owning a total of 7,553,946 shares worth approximately $107.3 million.
• Analysts' ratings for Host Hotels & Resorts are generally positive, with several firms raising their price targets, suggesting a consensus rating of "Moderate Buy" with an average target of $17.77.
• The company recently declared a quarterly dividend of $0.20 per share, representing an annualized yield of 4.5%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,553,946 shares of the company's stock after buying an additional 227,202 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.09% of Host Hotels & Resorts worth $107,342,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. raised its stake in shares of Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after buying an additional 1,852 shares during the period. Versant Capital Management Inc raised 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 worth $33,000 after buying an additional 2,047 shares during the period. AlphaQuest LLC bought a new position in shares of Host Hotels & Resorts in the first quarter worth about $33,000. Brooklyn Investment Group raised 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 worth $34,000 after buying an additional 1,845 shares during the period. Finally, National Pension Service raised 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 worth $37,000 after buying an additional 1,111 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Up 0.3%

Shares of HST traded up $0.06 during trading hours on Monday, hitting $17.66. The company had a trading volume of 8,161,217 shares, compared to its average volume of 7,952,734. The company has a market capitalization of $12.14 billion, a PE ratio of 18.79 and a beta of 1.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The company's fifty day moving average price is $16.47 and its two-hundred day moving average price is $15.47.

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 the consensus estimate 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 analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.57 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend 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 is currently 85.11%.

Analysts Set New Price Targets

HST has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. started coverage on 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. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Truist Financial boosted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.77.

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.