Acadian Asset Management LLC Raises Stock Position in Host Hotels & Resorts, Inc. $HST

Acadian Asset Management LLC increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 27.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,698 shares of the company’s stock after purchasing an additional 88,483 shares during the period. Acadian Asset Management LLC owned approximately 0.06% of Host Hotels & Resorts worth $5,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. raised its holdings in shares of Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Host Hotels & Resorts by 696.3% during the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $33,000 after purchasing an additional 2,047 shares during the last quarter. AlphaQuest LLC purchased a new position in Host Hotels & Resorts in the first quarter valued at $33,000. Brooklyn Investment Group increased its holdings in Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock valued at $34,000 after buying an additional 1,845 shares in the last quarter. Finally, National Pension Service increased its holdings in Host Hotels & Resorts by 74.8% in the first quarter. National Pension Service now owns 2,596 shares of the company’s stock valued at $37,000 after buying an additional 1,111 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HST. Evercore ISI lifted their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a “neutral” rating and a $16.00 target price for the company. 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 research note on Wednesday, September 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average price target of $17.77.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.60 on Friday. The company’s 50 day simple moving average is $16.43 and its 200-day simple moving average is $15.46. The company has a market capitalization of $12.10 billion, a price-to-earnings ratio of 18.72 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 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) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The business had revenue of $1.59 billion for 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 business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared 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. 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 payout ratio is 85.11%.

About Host Hotels & Resorts

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.