TD Private Client Wealth LLC Buys 691 Shares of Host Hotels & Resorts, Inc. $HST

TD Private Client Wealth LLC grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 50.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,073 shares of the company’s stock after buying an additional 691 shares during the quarter. TD Private Client Wealth LLC’s holdings in Host Hotels & Resorts were worth $32,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in Host Hotels & Resorts by 46.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,000 shares of the company’s stock worth $911,000 after buying an additional 16,578 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock worth $33,000 after acquiring an additional 2,047 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Host Hotels & Resorts by 1,278.6% in the 1st quarter. GAMMA Investing LLC now owns 169,227 shares of the company’s stock valued at $24,050,000 after purchasing an additional 156,952 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Host Hotels & Resorts by 10.4% during the 1st quarter. Rhumbline Advisers now owns 1,520,104 shares of the company’s stock valued at $21,601,000 after purchasing an additional 143,747 shares during the last quarter. Finally, Czech National Bank lifted its stake in Host Hotels & Resorts by 5.9% in the first quarter. Czech National Bank now owns 160,556 shares of the company’s stock worth $2,282,000 after purchasing an additional 8,992 shares during the last quarter. 98.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on HST shares. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price target on the stock. Evercore ISI upped their price target 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. UBS Group raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Wells Fargo & Company boosted their price objective 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. Finally, Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.77.

Host Hotels & Resorts Stock Down 2.4%

Shares of Host Hotels & Resorts stock 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 quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $16.71 and its 200 day moving average is $15.61. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 18.11 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its 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. The business 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 company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Research analysts anticipate 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 given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.