Fifth Third Bancorp Increases Position in Host Hotels & Resorts, Inc. $HST

Fifth Third Bancorp lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 28.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,444 shares of the company’s stock after purchasing an additional 10,878 shares during the period. Fifth Third Bancorp’s holdings in Host Hotels & Resorts were worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Host Hotels & Resorts by 2.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company’s stock worth $353,000 after acquiring an additional 638 shares during the last quarter. Resonant Capital Advisors LLC boosted its position in shares of Host Hotels & Resorts by 5.2% during the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company’s stock worth $220,000 after acquiring an additional 760 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Host Hotels & Resorts by 3.7% during the first quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company’s stock worth $303,000 after acquiring an additional 765 shares during the last quarter. Impact Investors Inc boosted its position in shares of Host Hotels & Resorts by 1.3% during the first quarter. Impact Investors Inc now owns 59,112 shares of the company’s stock worth $840,000 after acquiring an additional 773 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Host Hotels & Resorts by 28.4% during the first quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock worth $52,000 after acquiring an additional 807 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HST has been the subject of a number of research reports. Truist Financial upped 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 report on Wednesday, September 3rd. Evercore ISI upped their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a “neutral” rating and a $16.00 target price for the company. UBS Group upped their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Finally, Stifel Nicolaus increased their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $17.77.

Host Hotels & Resorts Price Performance

HST stock opened at $17.55 on Monday. The company has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $15.58. The firm has a market capitalization of $12.07 billion, a P/E ratio of 18.67 and a beta of 1.36. 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, Inc. has a 52 week low of $12.22 and a 52 week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) 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.