Millennium Management LLC Raises Stake in 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 position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1,607.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,083,054 shares of the company's stock after purchasing an additional 2,902,471 shares during the quarter. Millennium Management LLC owned about 0.44% of Host Hotels & Resorts worth $43,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of HST. Captrust Financial Advisors purchased a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $748,000. Cetera Investment Advisers lifted its stake in Host Hotels & Resorts by 227.5% in the 4th quarter. Cetera Investment Advisers now owns 102,415 shares of the company's stock worth $1,794,000 after purchasing an additional 71,144 shares in the last quarter. Focus Partners Wealth lifted its stake in Host Hotels & Resorts by 8.2% in the 4th quarter. Focus Partners Wealth now owns 18,426 shares of the company's stock worth $323,000 after purchasing an additional 1,392 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Host Hotels & Resorts by 2.3% in the 4th quarter. Janus Henderson Group PLC now owns 70,035 shares of the company's stock worth $1,226,000 after purchasing an additional 1,602 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its stake in Host Hotels & Resorts by 17.5% in the 4th quarter. Investment Management Corp of Ontario now owns 213,458 shares of the company's stock worth $3,740,000 after purchasing an additional 31,750 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Up 0.5%

Shares of HST stock traded up $0.09 on Thursday, hitting $17.68. 6,156,193 shares of the company's stock traded hands, compared to its average volume of 8,126,476. 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 one year low of $12.22 and a one year high of $19.36. The company's fifty day simple moving average is $16.38 and its 200 day simple moving average is $15.45. The stock has a market capitalization of $12.16 billion, a price-to-earnings ratio of 8.71 and a beta of 1.36.

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, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Truist Financial increased their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Stifel Nicolaus increased 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. Evercore ISI increased 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. JPMorgan Chase & Co. assumed 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 on the stock. Finally, Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $17.77.

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.