Van Lanschot Kempen Investment Management N.V. Purchases 37,241 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in Host Hotels & Resorts by 7.8%, acquiring an additional 37,241 shares to total 512,497 shares valued at approximately $7.3 million.
• Host Hotels & Resorts saw a rise in its stock price targets from several analysts, with Stifel Nicolaus raising theirs to $18.50 and Evercore ISI to $20.00, indicating a generally positive outlook for the stock.
• The company recently paid a quarterly dividend of $0.20 per share, which reflects an annualized dividend yield of 5.0% and a payout ratio of 85.11%.

Van Lanschot Kempen Investment Management N.V. grew its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,497 shares of the company's stock after buying an additional 37,241 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.07% of Host Hotels & Resorts worth $7,283,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HST. NBC Securities Inc. grew its holdings in shares of Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the last quarter. Versant Capital Management Inc boosted its holdings 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. Brooklyn Investment Group boosted its holdings in shares of Host Hotels & Resorts by 348.1% during the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after acquiring an additional 1,845 shares during the last quarter. National Pension Service boosted its holdings 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. Finally, IFP Advisors Inc boosted its holdings 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. Hedge funds and other institutional investors own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Evercore ISI raised their target price 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. Stifel Nicolaus raised their target price 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. Finally, Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $17.50.

Host Hotels & Resorts Trading Down 0.8%

NASDAQ HST traded down $0.1280 on Monday, hitting $16.7820. 1,706,020 shares of the stock were exchanged, compared to its average volume of 9,757,064. The firm has a market capitalization of $11.54 billion, a P/E ratio of 17.87 and a beta of 1.34. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $15.37.

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, beating 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 business's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed 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 4.8%. Host Hotels & Resorts's dividend payout ratio is 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.