HB Wealth Management LLC Increases Position in Host Hotels & Resorts, Inc. $HST

HB Wealth Management LLC lifted its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 15.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,259 shares of the company’s stock after acquiring an additional 1,820 shares during the quarter. HB Wealth Management LLC’s holdings in Host Hotels & Resorts were worth $204,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC increased its position in shares of Host Hotels & Resorts by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 28,696 shares of the company’s stock worth $441,000 after acquiring an additional 1,564 shares during the last quarter. GC Wealth Management RIA LLC increased its position in shares of Host Hotels & Resorts by 87.6% during the second quarter. GC Wealth Management RIA LLC now owns 29,943 shares of the company’s stock worth $460,000 after acquiring an additional 13,981 shares during the last quarter. Signaturefd LLC increased its position in shares of Host Hotels & Resorts by 646.4% during the second quarter. Signaturefd LLC now owns 12,838 shares of the company’s stock worth $197,000 after acquiring an additional 11,118 shares during the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of Host Hotels & Resorts during the second quarter worth about $214,000. Finally, Patton Fund Management Inc. purchased a new stake in shares of Host Hotels & Resorts during the second quarter worth about $244,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $16.43 on Wednesday. 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 stock has a 50 day simple moving average of $16.75 and a 200-day simple moving average of $15.67. The company has a market cap of $11.30 billion, a PE ratio of 17.48 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data 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 business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.9%. Host Hotels & Resorts’s payout ratio is currently 85.11%.

Wall Street Analyst Weigh In

Several brokerages recently 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 boosted their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Cantor Fitzgerald began coverage on Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective for the company. Truist Financial boosted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Host Hotels & Resorts Company Profile

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.