Host Hotels & Resorts, Inc. $HST Shares Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in Host Hotels & Resorts, Inc. by 263.9% during the first quarter, owning 178,422 shares valued at approximately $2,535,000.
• The company reported $1.59 billion in revenue for the last quarter, exceeding analyst estimates, along with an earnings per share of $0.58, surpassing expectations of $0.51.
• Host Hotels & Resorts recently declared a quarterly dividend of $0.20 per share, resulting in an annualized dividend of $0.80 and a yield of 4.6%.

Landscape Capital Management L.L.C. increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 263.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 178,422 shares of the company's stock after acquiring an additional 129,385 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Host Hotels & Resorts were worth $2,535,000 as of its most recent SEC filing.

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

Host Hotels & Resorts Trading Down 0.8%

Host Hotels & Resorts stock traded down $0.14 during midday trading on Tuesday, hitting $17.07. 3,690,029 shares of the stock were exchanged, compared to its average volume of 9,766,341. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 18.14 and a beta of 1.36. The stock's 50-day simple moving average is $16.14 and its 200 day simple moving average is $15.40. 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 (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.57 earnings per share. Host Hotels & Resorts's 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. On average, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 85.11%.

Analyst Ratings Changes

Several research firms have recently issued reports on HST. Wells Fargo & Company increased their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Stifel Nicolaus increased their target price 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. Evercore ISI upped their price objective 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. 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 price objective for the company. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $17.59.

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.