Millennium Management LLC Purchases 2,902,471 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Millennium Management LLC increased its holdings in Host Hotels & Resorts, Inc. by 1,607.3% in the 1st quarter, now owning approximately 3.08 million shares valued at $43.81 million.
• Several hedge funds have bought or increased their positions in Host Hotels & Resorts, with 98.52% of the stock being owned by institutional investors and hedge funds.
• Analysts have raised their price targets for Host Hotels & Resorts, with a consensus price target of $17.77 and recommendations ranging from "Buy" to "Hold."

Millennium Management LLC boosted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1,607.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,083,054 shares of the company's stock after purchasing an additional 2,902,471 shares during the period. Millennium Management LLC owned approximately 0.44% of Host Hotels & Resorts worth $43,810,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Rush Island Management LP bought a new position in Host Hotels & Resorts in the 4th quarter worth $99,402,000. Nuveen LLC acquired a new position in shares of Host Hotels & Resorts during the first quarter worth approximately $69,989,000. Brandywine Global Investment Management LLC bought a new stake in shares of Host Hotels & Resorts during the first quarter worth approximately $38,611,000. Invesco Ltd. raised its stake in shares of Host Hotels & Resorts by 11.1% during the first quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after buying an additional 2,503,550 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Host Hotels & Resorts by 172.0% in the first quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company's stock valued at $36,960,000 after purchasing an additional 1,644,843 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 0.5%

Shares of Host Hotels & Resorts stock traded down $0.08 during trading on Friday, reaching $17.60. 8,215,081 shares of the company traded hands, compared to its average volume of 7,952,734. The firm has a market capitalization of $12.10 billion, a PE ratio of 18.72 and a beta of 1.36. The company has a 50 day moving average price of $16.43 and a 200-day moving average price of $15.46. 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, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) 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 firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business'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. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

Analyst Ratings Changes

A number of research analysts recently weighed in on HST shares. Truist Financial raised their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Stifel Nicolaus upped 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. Finally, Evercore ISI upped 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. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.77.

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.