QRG Capital Management Inc. Buys 16,914 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• QRG Capital Management Inc. increased its stake in Host Hotels & Resorts, Inc. by 3.2%, acquiring an additional 16,914 shares, giving the firm and its clients a worth of approximately $8.285 million.
• Institutional investors own about 98.52% of Host Hotels & Resorts' stock, indicating strong institutional interest in the company.
• The company announced a quarterly dividend of $0.20 per share, yielding 4.7%, with the ex-dividend date set for September 30th.

QRG Capital Management Inc. increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 539,365 shares of the company's stock after acquiring an additional 16,914 shares during the quarter. QRG Capital Management Inc. owned about 0.08% of Host Hotels & Resorts worth $8,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HST. Ameritas Advisory Services LLC acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $33,000. Abundance Wealth Counselors bought a new stake in Host Hotels & Resorts during the second quarter valued at $1,210,000. Lecap Asset Management Ltd. acquired a new stake in Host Hotels & Resorts during the 2nd quarter worth about $2,575,000. Truist Financial Corp raised its position in shares of Host Hotels & Resorts by 8.8% in the 2nd quarter. Truist Financial Corp now owns 15,818 shares of the company's stock worth $243,000 after acquiring an additional 1,283 shares in the last quarter. Finally, HB Wealth Management LLC lifted its stake in shares of Host Hotels & Resorts by 15.9% in the 2nd quarter. HB Wealth Management LLC now owns 13,259 shares of the company's stock valued at $204,000 after purchasing an additional 1,820 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HST shares. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price for the company. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a research report on Wednesday. They set a "neutral" rating and a $19.00 price objective for the company. Truist Financial boosted 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. UBS Group increased their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a "neutral" rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Host Hotels & Resorts in a report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $17.88.

Host Hotels & Resorts Stock Performance

HST opened at $16.91 on Monday. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The company has a market cap of $11.63 billion, a price-to-earnings ratio of 17.99 and a beta of 1.36. The company's fifty day moving average price is $16.74 and its two-hundred day moving average price is $15.65. 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 posted its earnings results on Wednesday, July 30th. The company reported $0.58 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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 issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

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.

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