Versor Investments LP Grows Holdings in Host Hotels & Resorts, Inc. $HST

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 grew its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 64.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 120,122 shares of the company's stock after acquiring 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 SEC filing.

Several other large investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Host Hotels & Resorts by 3.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after buying an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Host Hotels & Resorts during the first quarter worth $1,453,000. Cerity Partners LLC raised its stake in Host Hotels & Resorts by 32.9% during the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after buying an additional 9,508 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after buying an additional 6,592 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in Host Hotels & Resorts by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after buying an additional 16,694 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HST shares. Stifel Nicolaus raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Evercore ISI raised their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of "Moderate Buy" and an average price target of $17.50.

Host Hotels & Resorts Stock Up 3.8%

Shares of NASDAQ HST traded up $0.6150 during mid-day trading on Friday, reaching $16.7650. 5,412,700 shares of the company's stock traded hands, compared to its average volume of 9,784,077. The stock has a market cap of $11.53 billion, a P/E ratio of 17.84 and a beta of 1.34. The business has a 50-day simple moving average of $15.93 and a 200 day simple moving average of $15.38. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the company earned $0.57 earnings per share. The business's revenue 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. On average, 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. Investors of record on Monday, June 30th were issued 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 4.8%. Host Hotels & Resorts's payout ratio is 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.