Geode Capital Management LLC Raises Holdings in Host Hotels & Resorts, Inc. $HST

Geode Capital Management LLC raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 2.6% during the second quarter, Holdings Channel.com reports. The firm owned 25,055,737 shares of the company’s stock after purchasing an additional 636,983 shares during the quarter. Geode Capital Management LLC’s holdings in Host Hotels & Resorts were worth $398,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in Host Hotels & Resorts by 0.8% in the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company’s stock valued at $11,260,000 after acquiring an additional 6,592 shares in the last quarter. Cerity Partners LLC increased its position in shares of Host Hotels & Resorts by 32.9% in the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock valued at $546,000 after purchasing an additional 9,508 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Host Hotels & Resorts by 9.1% in the 1st quarter. New York State Common Retirement Fund now owns 459,132 shares of the company’s stock valued at $6,524,000 after purchasing an additional 38,331 shares in the last quarter. CWM LLC lifted its position in shares of Host Hotels & Resorts by 79.1% during the 1st quarter. CWM LLC now owns 18,766 shares of the company’s stock worth $267,000 after purchasing an additional 8,288 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Host Hotels & Resorts by 0.3% during the 1st quarter. Victory Capital Management Inc. now owns 2,124,849 shares of the company’s stock worth $30,194,000 after purchasing an additional 6,955 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 0.1%

NASDAQ:HST opened at $17.59 on Friday. The company has a market capitalization of $12.10 billion, a PE ratio of 18.71 and a beta of 1.36. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The stock’s 50 day moving average price is $16.96 and its 200 day moving average price is $16.24. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data 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 business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current 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 dividend of $0.20 per share. The ex-dividend date 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 currently 76.19%.

Analyst Ratings Changes

A number of research firms have weighed in on HST. Wells Fargo & Company upgraded Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. increased their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Evercore ISI cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price for the company. in a research note on Tuesday, November 11th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.00 to $22.00 in a report on Friday, November 7th. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.38.

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.