Ballentine Partners LLC Purchases New Stake in Host Hotels & Resorts, Inc. $HST

Ballentine Partners LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,182 shares of the company’s stock, valued at approximately $202,000.

Other institutional investors have also recently added to or reduced their stakes 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 period. Armstrong Advisory Group Inc. raised its holdings in shares of Host Hotels & Resorts by 953.5% during the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after purchasing an additional 1,516 shares during the period. 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 period. AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts during the first quarter worth $33,000. Finally, Brooklyn Investment Group raised its holdings in shares of Host Hotels & Resorts by 348.1% during the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock worth $34,000 after purchasing an additional 1,845 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.02 on Wednesday. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.70 billion, a price-to-earnings ratio of 18.11 and a beta of 1.36. The firm has a 50-day moving average of $16.71 and a two-hundred day moving average of $15.61.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $0.57 EPS. Host Hotels & Resorts’s revenue was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. Host Hotels & Resorts’s dividend payout ratio is currently 85.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HST. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI increased their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Stifel Nicolaus upped their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. UBS Group upped their price target 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, Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.77.

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.