Creative Planning Increases Position in Host Hotels & Resorts, Inc. $HST

Creative Planning increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 125.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 114,453 shares of the company’s stock after purchasing an additional 63,747 shares during the quarter. Creative Planning’s holdings in Host Hotels & Resorts were worth $1,758,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HST. Armstrong Advisory Group Inc. raised its stake in shares of Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after buying an additional 1,516 shares during the period. TD Private Client Wealth LLC increased its holdings in Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Host Hotels & Resorts during the second quarter worth $33,000. Sentry Investment Management LLC purchased a new position in Host Hotels & Resorts during the second quarter valued at $37,000. Finally, AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $33,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 0.3%

Shares of Host Hotels & Resorts stock opened at $17.74 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s 50 day simple moving average is $16.92 and its 200-day simple moving average is $16.39. The stock has a market cap of $12.20 billion, a P/E ratio of 18.87 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter 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. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. Host Hotels & Resorts’s payout ratio is presently 76.19%.

Analyst Ratings Changes

Several research analysts recently weighed in on HST shares. 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. Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. Evercore ISI lowered Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target on the stock. in a research note on Tuesday, November 11th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a research report on Friday, November 7th. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Host Hotels & Resorts 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.