Advisors Capital Management LLC Raises Position in Host Hotels & Resorts, Inc. $HST

Advisors Capital Management LLC raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 25.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,711,128 shares of the company’s stock after purchasing an additional 345,805 shares during the period. Advisors Capital Management LLC owned approximately 0.25% of Host Hotels & Resorts worth $26,283,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in Host Hotels & Resorts by 11.1% in the first quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after purchasing an additional 2,503,550 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Host Hotels & Resorts by 2.6% in the second quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company’s stock worth $398,425,000 after acquiring an additional 636,983 shares during the period. Centersquare Investment Management LLC increased its position in Host Hotels & Resorts by 1.7% during the first quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock valued at $159,661,000 after acquiring an additional 183,653 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Host Hotels & Resorts by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock valued at $107,342,000 after acquiring an additional 227,202 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Host Hotels & Resorts by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 5,668,976 shares of the company’s stock worth $87,075,000 after purchasing an additional 154,893 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent research reports. UBS Group raised their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Cantor Fitzgerald assumed coverage on Host Hotels & Resorts in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective on the stock. Evercore ISI cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price objective on the stock. in a research report on Tuesday. Truist Financial increased their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Finally, Wells Fargo & Company upgraded shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Host Hotels & Resorts Price Performance

HST opened at $17.57 on Friday. 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 $12.08 billion, a price-to-earnings ratio of 18.69 and a beta of 1.36. The business’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $16.20. 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 announced its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. Host Hotels & Resorts’s revenue was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s payout ratio is currently 76.19%.

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.