Resona Asset Management Co. Ltd. Buys 31,976 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Host Hotels & Resorts by 8.3%, acquiring 31,976 shares, bringing its total holdings to 416,245 shares valued at approximately $5.93 million at the end of the last quarter.
• Host Hotels & Resorts reported a Q2 earnings per share of $0.58, exceeding analysts' expectations of $0.51, and experienced an 8.2% revenue increase year-over-year.
• The company recently announced a quarterly dividend of $0.20, equating to an annual yield of 5.1%, with a payout ratio of 85.11%.

Resona Asset Management Co. Ltd. boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,245 shares of the company's stock after purchasing an additional 31,976 shares during the quarter. Resona Asset Management Co. Ltd. owned about 0.06% of Host Hotels & Resorts worth $5,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. raised its stake in Host Hotels & Resorts by 185,200.0% in the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares in the last quarter. Versant Capital Management Inc raised its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. IFP Advisors Inc raised its stake in Host Hotels & Resorts by 28.4% in the first quarter. IFP Advisors Inc now owns 3,648 shares of the company's stock valued at $52,000 after purchasing an additional 807 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Host Hotels & Resorts by 80.1% in the first quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company's stock valued at $62,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC purchased a new stake in Host Hotels & Resorts in the first quarter valued at approximately $66,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HST has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target on the stock. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Finally, Evercore ISI lifted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $17.50.

Host Hotels & Resorts Trading Up 0.2%

Shares of Host Hotels & Resorts stock traded up $0.03 on Thursday, hitting $16.15. The stock had a trading volume of 8,383,461 shares, compared to its average volume of 11,139,333. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The stock has a market cap of $11.10 billion, a price-to-earnings ratio of 17.18 and a beta of 1.34. The stock's 50-day simple moving average is $15.93 and its two-hundred day simple moving average is $15.38.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business's revenue 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. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.0%. 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.