Strs Ohio Purchases New Shares in Host Hotels & Resorts, Inc. $HST

Key Points

• Strs Ohio invested approximately $18.09 million to acquire 1,272,877 shares of Host Hotels & Resorts, Inc., representing about 0.18% ownership of the company.
• Analysts have set a consensus rating of "Moderate Buy" for Host Hotels & Resorts, with a target price averaging around $17.77 following recent upgrades from various equity research firms.
• The company announced a quarterly dividend of $0.20 per share, translating to an annual yield of 4.5%, with the distribution to be paid on October 15th.

Strs Ohio bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,272,877 shares of the company's stock, valued at approximately $18,088,000. Strs Ohio owned 0.18% of Host Hotels & Resorts at the end of the most recent quarter.

Several other large investors have also modified their holdings of HST. Captrust Financial Advisors acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $748,000. Cetera Investment Advisers lifted its stake in shares of Host Hotels & Resorts by 227.5% during the fourth quarter. Cetera Investment Advisers now owns 102,415 shares of the company's stock valued at $1,794,000 after buying an additional 71,144 shares during the period. Focus Partners Wealth lifted its stake in shares of Host Hotels & Resorts by 8.2% during the fourth quarter. Focus Partners Wealth now owns 18,426 shares of the company's stock valued at $323,000 after buying an additional 1,392 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Host Hotels & Resorts by 2.3% during the fourth quarter. Janus Henderson Group PLC now owns 70,035 shares of the company's stock valued at $1,226,000 after buying an additional 1,602 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Host Hotels & Resorts by 91.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 216,919 shares of the company's stock valued at $3,812,000 after buying an additional 103,504 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 0.3%

Shares of HST stock traded up $0.06 during mid-day trading on Monday, reaching $17.66. The company's stock had a trading volume of 8,161,217 shares, compared to its average volume of 7,952,734. The company's 50 day simple moving average is $16.47 and its 200-day simple moving average is $15.47. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36. 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 firm has a market capitalization of $12.14 billion, a PE ratio of 18.79 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued 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. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $0.57 EPS. The business's revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Analysts Set New Price Targets

HST has been the topic of several recent analyst reports. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. 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 objective on the stock. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Wells Fargo & Company increased their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, 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 research note on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.77.

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.