Invesco Ltd. Increases Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Key Points

• Invesco Ltd. has increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 11.1%, now owning approximately 3.61% of the company, valued at $356 million.
• The company's recent quarterly earnings report showed an EPS of $0.58, exceeding estimates, with a year-over-year revenue increase of 8.2%.
• Host Hotels & Resorts has announced a quarterly dividend of $0.20, representing a 5.2% yield, with a current dividend payout ratio of 85.11%.

Invesco Ltd. lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,058,995 shares of the company's stock after acquiring an additional 2,503,550 shares during the period. Invesco Ltd. owned 3.61% of Host Hotels & Resorts worth $356,088,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. lifted its position in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Versant Capital Management Inc grew its position in Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after buying an additional 2,047 shares during the period. IFP Advisors Inc grew its position in Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after buying an additional 807 shares during the period. Farther Finance Advisors LLC grew its position in shares of Host Hotels & Resorts by 80.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after acquiring an additional 1,906 shares during the period. Finally, Rossby Financial LCC bought a new position in shares of Host Hotels & Resorts during the 1st quarter valued at approximately $66,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Evercore ISI lifted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $17.50.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock traded down $0.12 on Thursday, reaching $15.98. The stock had a trading volume of 6,942,235 shares, compared to its average volume of 9,869,760. 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 $10.99 billion, a P/E ratio of 17.00 and a beta of 1.34. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The business's 50 day moving average is $15.91 and its two-hundred day moving average is $15.41.

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, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $0.57 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, research analysts anticipate 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 was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

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.