Bank of Montreal Can Has $7.35 Million Stake in Host Hotels & Resorts, Inc. $HST

Bank of Montreal Can trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 478,222 shares of the company’s stock after selling 51,788 shares during the period. Bank of Montreal Can’s holdings in Host Hotels & Resorts were worth $7,345,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HST. Armstrong Advisory Group Inc. grew its holdings in 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 acquiring an additional 1,516 shares during the period. TD Private Client Wealth LLC boosted its position in shares of 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 purchasing an additional 691 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Host Hotels & Resorts during the second quarter worth $33,000. Sentry Investment Management LLC bought a new stake in Host Hotels & Resorts in the second quarter valued at about $37,000. Finally, AlphaQuest LLC bought a new stake in Host Hotels & Resorts in the first quarter valued at about $33,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HST. JPMorgan Chase & Co. boosted their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday. Cantor Fitzgerald started coverage on shares of Host Hotels & Resorts in a research note on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price objective on the stock. Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group increased their target price 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. Finally, Truist Financial lifted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $17.84 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market cap of $12.27 billion, a price-to-earnings ratio of 18.98 and a beta of 1.36. The business has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $16.11. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. Host Hotels & Resorts’s dividend payout ratio is presently 76.19%.

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.