Patten Group Inc. Acquires 22,333 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Patten Group Inc. increased its holdings in Host Hotels & Resorts by 168.8% during the second quarter, now owning a total of 35,565 shares worth approximately $546,000.
• Several large investors, including Armstrong Advisory Group and TD Private Client Wealth, significantly increased their positions in Host Hotels & Resorts, indicating strong institutional interest with 98.52% of the stock held by institutional investors.
• Equities research analysts have generally upgraded their ratings for Host Hotels & Resorts, with one strong buy, five buy, and seven hold ratings, leading to an average price target of $17.88.

Patten Group Inc. raised its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 168.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,565 shares of the company's stock after buying an additional 22,333 shares during the quarter. Patten Group Inc.'s holdings in Host Hotels & Resorts were worth $546,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HST. Armstrong Advisory Group Inc. grew its position in shares of Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock worth $26,000 after buying an additional 1,516 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock worth $32,000 after buying an additional 691 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Host Hotels & Resorts in the 1st quarter worth approximately $33,000. Ameritas Advisory Services LLC bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $33,000. Finally, Brooklyn Investment Group grew its position in shares of Host Hotels & Resorts by 348.1% in the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock worth $34,000 after buying an additional 1,845 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Evercore ISI lifted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. UBS Group lifted their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. Wells Fargo & Company upgraded Host Hotels & Resorts to a "strong-buy" rating in a research note on Friday, October 3rd. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Finally, Stifel Nicolaus raised their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.88.

Host Hotels & Resorts Trading Up 0.9%

HST opened at $16.80 on Thursday. The stock has a market cap of $11.55 billion, a PE ratio of 17.87 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $16.92 and a 200-day moving average of $15.82. Host Hotels & Resorts, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36.

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

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.8%. Host Hotels & Resorts's 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.

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