Northwest & Ethical Investments L.P. Has $599,000 Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Host Hotels & Resorts by 246.1%, acquiring an additional 30,020 shares, bringing total holdings to 42,220 shares valued at $599,000.
• Host Hotels & Resorts reported a quarterly revenue of $1.59 billion, exceeding analysts' expectations, with a net income margin of 11.12% and earnings per share of $0.58, beating estimates by $0.07.
• The firm declared a quarterly dividend of $0.20 per share, equating to an annualized yield of 5.0%, with a payout ratio of 85.11%.

Northwest & Ethical Investments L.P. increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 246.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,220 shares of the company's stock after purchasing an additional 30,020 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Host Hotels & Resorts were worth $599,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. raised its position in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after acquiring an additional 2,047 shares during the last quarter. National Pension Service raised its position in shares of Host Hotels & Resorts by 74.8% during the 1st quarter. National Pension Service now owns 2,596 shares of the company's stock valued at $37,000 after acquiring an additional 1,111 shares during the last quarter. IFP Advisors Inc raised its position in shares of Host Hotels & Resorts by 28.4% during the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after acquiring an additional 807 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Host Hotels & Resorts by 80.1% during the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after acquiring an additional 1,906 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Analysts Set New Price Targets

HST has been the subject of several recent research reports. 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 target price for the company. Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research report on Tuesday, July 1st. Evercore ISI upped their target price 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. Stifel Nicolaus upped 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 report on Thursday, July 31st. Finally, Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.50.

Host Hotels & Resorts Trading Up 4.7%

Shares of HST stock traded up $0.76 on Friday, hitting $16.91. The stock had a trading volume of 9,060,799 shares, compared to its average volume of 11,222,170. The firm has a market cap of $11.63 billion, a P/E ratio of 17.99 and a beta of 1.34. 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, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The company has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $15.38.

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 analysts' consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion during 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 company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.20 dividend. 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 is presently 85.11%.

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.