Zimmer Partners LP Purchases Shares of 250,000 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 first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 250,000 shares of the company's stock, valued at approximately $3,552,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HST. Mirae Asset Global Investments Co. Ltd. grew its holdings in Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after buying an additional 3,732 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at approximately $1,453,000. Cerity Partners LLC boosted its stake in shares of Host Hotels & Resorts by 32.9% in the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock valued at $546,000 after buying an additional 9,508 shares during the period. Envestnet Asset Management Inc. grew its position in Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after buying an additional 6,592 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in Host Hotels & Resorts by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after buying an additional 16,694 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Trading Down 0.5%

Shares of NASDAQ HST traded down $0.08 during midday trading on Friday, reaching $17.60. The stock had a trading volume of 8,215,081 shares, compared to its average volume of 9,712,074. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve 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. The company's 50 day moving average price is $16.41 and its 200 day moving average price is $15.46. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 18.72 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results 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. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the business posted $0.57 EPS. The business's revenue was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HST shares. Stifel Nicolaus upped their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research report on Thursday, July 31st. Evercore ISI boosted their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price 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.