Zimmer Partners LP Buys New Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Zimmer Partners LP has acquired a new stake in Host Hotels & Resorts, Inc., purchasing 250,000 shares valued at approximately $3.55 million in the first quarter.
• Several institutional investors have increased their stakes, with 98.52% of the company's stock now held by institutional investors.
• The company recently reported earnings of $0.58 per share for the quarter, exceeding estimates and marking an 8.2% increase in revenue compared to the previous year.

Zimmer Partners LP purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 250,000 shares of the company's stock, valued at approximately $3,552,000.

Several other large investors have also added to or reduced their stakes in HST. NBC Securities Inc. boosted its holdings 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 valued at $26,000 after buying an additional 1,852 shares in the last quarter. Versant Capital Management Inc raised its position in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after buying an additional 2,047 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at about $33,000. Brooklyn Investment Group increased 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 valued at $34,000 after purchasing an additional 1,845 shares during the last quarter. Finally, National Pension Service increased 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 valued at $37,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 0.5%

Shares of HST traded down $0.08 during midday trading on Friday, reaching $17.60. The company had a trading volume of 8,215,081 shares, compared to its average volume of 8,087,043. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The stock has a market cap of $12.10 billion, a PE ratio of 18.72 and a beta of 1.36. The firm has a 50 day simple moving average of $16.43 and a 200-day simple moving average of $15.46. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

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, topping analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS. 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 will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.20 per share. 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 presently 85.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective for the company. Morgan Stanley restated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Truist Financial boosted their target price 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. Stifel Nicolaus boosted their price target on 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, Evercore ISI boosted their price target on 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 issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.77.

Host Hotels & Resorts 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.