Woodline Partners LP Purchases 430,691 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Woodline Partners LP increased its stake in Host Hotels & Resorts by 33.2% during the first quarter, owning approximately 1.73 million shares valued at $24.56 million as of its latest SEC filing.
• Multiple institutional investors, including Invesco Ltd. and Goldman Sachs Group Inc., have also increased their holdings in Host Hotels & Resorts, reflecting strong institutional interest with over 98% of shares owned by institutional investors.
• Host Hotels & Resorts recently announced a quarterly dividend of $0.20 per share, resulting in an annualized dividend yield of 4.6% and a payout ratio of 85.11%.

Woodline Partners LP raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,728,195 shares of the company's stock after buying an additional 430,691 shares during the quarter. Woodline Partners LP owned 0.25% of Host Hotels & Resorts worth $24,558,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Host Hotels & Resorts by 2.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock worth $353,000 after purchasing an additional 638 shares during the last quarter. Ascent Group LLC increased its stake in shares of Host Hotels & Resorts by 4.4% during the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after purchasing an additional 703 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Host Hotels & Resorts by 5.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock worth $220,000 after purchasing an additional 760 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Host Hotels & Resorts by 3.7% during the 1st quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company's stock worth $303,000 after purchasing an additional 765 shares during the last quarter. Finally, Impact Investors Inc increased its stake in shares of Host Hotels & Resorts by 1.3% during the 1st quarter. Impact Investors Inc now owns 59,112 shares of the company's stock worth $840,000 after purchasing an additional 773 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analyst Weigh In

HST has been the subject of several recent analyst reports. Evercore ISI upped their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Stifel Nicolaus upped their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their price objective 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, Truist Financial upped their price objective on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.77.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded up $0.06 during midday trading on Monday, reaching $17.66. 2,727,374 shares of the company's stock were exchanged, compared to its average volume of 9,670,125. The company's 50 day simple moving average is $16.43 and its two-hundred day simple moving average is $15.46. The firm has a market capitalization of $12.14 billion, a PE ratio of 18.77 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12 month low of $12.22 and a 12 month 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.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a 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%.

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.