Host Hotels & Resorts, Inc. $HST Stock Position Lifted by Jump Financial LLC

Key Points

• Jump Financial LLC increased its holdings in Host Hotels & Resorts, Inc. by 264.2%, owning 229,433 shares valued at $3.26 million at the end of the last quarter.
• Wall Street analysts have shown confidence in Host Hotels, as evidenced by several upgrades to price targets, with a consensus rating of "Moderate Buy" and a price target of $17.50.
• Host Hotels & Resorts reported quarterly earnings of $0.58 EPS, exceeding expectations, and announced a quarterly dividend of $0.20 per share, reflecting a dividend yield of 4.7%.

Jump Financial LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 264.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,433 shares of the company's stock after buying an additional 166,436 shares during the period. Jump Financial LLC's holdings in Host Hotels & Resorts were worth $3,260,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 valued at $1,582,000 after buying an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Host Hotels & Resorts during the first quarter worth about $1,453,000. Cerity Partners LLC boosted its holdings 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 purchasing an additional 9,508 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings 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 purchasing an additional 6,592 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings 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 purchasing an additional 16,694 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Stock Performance

NASDAQ HST traded down $0.08 on Friday, reaching $17.21. The stock had a trading volume of 6,765,345 shares, compared to its average volume of 10,153,472. 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, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. The business's 50-day moving average price is $16.12 and its 200 day moving average price is $15.40. The stock has a market cap of $11.83 billion, a P/E ratio of 18.31 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results 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. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced 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%.

Analyst Ratings Changes

Several research analysts recently weighed in on HST shares. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Stifel Nicolaus boosted 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. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. Finally, Evercore ISI boosted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.59.

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.