13,910 Shares in Host Hotels & Resorts, Inc. $HST Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 13,910 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HST. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Host Hotels & Resorts by 2.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company’s stock valued at $353,000 after purchasing an additional 638 shares in the last quarter. Ascent Group LLC lifted its position 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 buying an additional 703 shares during the last quarter. Resonant Capital Advisors LLC lifted its position 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 buying an additional 760 shares during the last quarter. Advisors Asset Management Inc. raised its stake in 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 acquiring an additional 765 shares in the last quarter. Finally, Impact Investors Inc raised its stake in 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 acquiring an additional 773 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial upped their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Evercore ISI lifted their target price 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. Stifel Nicolaus lifted their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group lifted their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday. Finally, Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.77.

Host Hotels & Resorts Trading Down 1.4%

NASDAQ HST opened at $17.17 on Tuesday. The stock has a market capitalization of $11.81 billion, a P/E ratio of 18.27 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The firm has a 50-day moving average price of $16.58 and a 200 day moving average price of $15.52. 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) last released its earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company earned $0.57 earnings per share. Host Hotels & Resorts’s quarterly 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. Equities research 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. Shareholders of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts’s dividend 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.