Wealth Enhancement Advisory Services LLC Acquires 21,392 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Wealth Enhancement Advisory Services LLC has boosted its holdings in Host Hotels & Resorts by 37.3% in the second quarter, acquiring an additional 21,392 shares to bring its total to 78,710 shares valued at approximately $1.276 million.
• Multiple hedge funds have significantly increased their positions in Host Hotels & Resorts, with institutional investors now owning 98.52% of the stock.
• Analysts generally view Host Hotels & Resorts positively, with six analysts rating the stock as a "Buy" and a consensus target price of $17.77. The company recently reported earnings that exceeded expectations, with a quarterly EPS of $0.58.

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 37.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,710 shares of the company's stock after purchasing an additional 21,392 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Host Hotels & Resorts were worth $1,276,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HST. NBC Securities Inc. boosted its position in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after acquiring an additional 1,852 shares in the last quarter. Versant Capital Management Inc boosted its position 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 worth $33,000 after acquiring an additional 2,047 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $33,000. Brooklyn Investment Group boosted its position 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 worth $34,000 after acquiring an additional 1,845 shares in the last quarter. Finally, National Pension Service boosted its position 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 worth $37,000 after acquiring an additional 1,111 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Stifel Nicolaus increased 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 report on Thursday, July 31st. Truist Financial increased their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price target on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, 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 report on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $17.02 on Wednesday. The business's 50 day simple moving average is $16.71 and its 200 day simple moving average is $15.61. 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 capitalization of $11.70 billion, a PE ratio of 18.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The firm'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, research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. 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 is presently 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.

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