Host Hotels & Resorts, Inc. $HST Shares Acquired by Versor Investments LP

Key Points

• Versor Investments LP increased its holdings in Host Hotels & Resorts by 64.7% during the first quarter, now owning 120,122 shares valued at approximately $1.7 million.
• Host Hotels & Resorts reported a quarterly earnings per share (EPS) of $0.58, exceeding expectations of $0.51, with revenue of $1.59 billion.
• The company declared a quarterly dividend of $0.20 per share, representing an annualized yield of 5.1% with a payout ratio of 85.11%.

Versor Investments LP lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 64.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,122 shares of the company's stock after buying an additional 47,200 shares during the period. Versor Investments LP's holdings in Host Hotels & Resorts were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Freedom Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock worth $389,000 after purchasing an additional 622 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Host Hotels & Resorts by 2.6% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock worth $353,000 after purchasing an additional 638 shares during the period. Evergreen Wealth Solutions LLC grew its holdings in Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock valued at $227,000 after buying an additional 651 shares in the last quarter. Ascent Group LLC raised its position in shares of Host Hotels & Resorts by 4.4% during the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company's stock valued at $290,000 after buying an additional 703 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Host Hotels & Resorts by 5.2% during the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock valued at $220,000 after buying an additional 760 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Analyst Ratings Changes

HST has been the subject of a number of research reports. Evercore ISI upped their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company boosted their target price 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. Stifel Nicolaus lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Finally, Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $17.50.

Host Hotels & Resorts Stock Up 0.2%

HST stock traded up $0.03 on Thursday, hitting $16.15. 8,383,311 shares of the company's stock were exchanged, compared to its average volume of 9,811,413. The firm has a 50 day moving average price of $15.92 and a two-hundred day moving average price of $15.38. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The stock has a market cap of $11.10 billion, a P/E ratio of 17.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. Host Hotels & Resorts's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 5.0%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts's payout ratio is presently 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.