Voya Investment Management LLC Increases Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• Voya Investment Management LLC significantly increased its stake in Host Hotels & Resorts, acquiring 542,513 shares and raising its total ownership to 748,919 shares, reflecting a 262.8% growth in the first quarter.
• Multiple hedge funds, including Goldman Sachs and Invesco Ltd., also raised their holdings in Host Hotels & Resorts, which has institutional investors owning 98.52% of the company.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share, representing an annualized dividend yield of 4.5%, with a payout ratio of 85.11%.

Voya Investment Management LLC increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 262.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 748,919 shares of the company's stock after buying an additional 542,513 shares during the quarter. Voya Investment Management LLC owned 0.11% of Host Hotels & Resorts worth $10,642,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HST. Nuveen LLC acquired a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $69,989,000. Millennium Management LLC lifted its stake in Host Hotels & Resorts by 1,607.3% in the first quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock worth $43,810,000 after acquiring an additional 2,902,471 shares during the period. Brandywine Global Investment Management LLC purchased a new position in shares of Host Hotels & Resorts in the 1st quarter worth about $38,611,000. Invesco Ltd. increased its holdings in Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Host Hotels & Resorts by 172.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company's stock valued at $36,960,000 after purchasing an additional 1,644,843 shares during the period. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Down 1.0%

Shares of NASDAQ HST traded down $0.18 during mid-day trading on Friday, reaching $17.42. 36,990,670 shares of the company were exchanged, compared to its average volume of 8,199,319. 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 stock has a market cap of $11.98 billion, a price-to-earnings ratio of 18.53 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. The firm has a 50-day moving average of $16.56 and a 200 day moving average of $15.52.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The firm 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 quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio is 85.11%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Truist Financial increased their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Stifel Nicolaus lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently 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.