Charles Schwab Investment Management Inc. Grows Stock Holdings in Host Hotels & Resorts, Inc. $HST

Charles Schwab Investment Management Inc. grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,734,333 shares of the company’s stock after acquiring an additional 341,915 shares during the period. Charles Schwab Investment Management Inc. owned 1.56% of Host Hotels & Resorts worth $164,879,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC grew its stake in Host Hotels & Resorts by 41.9% in the first quarter. Private Advisor Group LLC now owns 30,391 shares of the company’s stock worth $432,000 after purchasing an additional 8,968 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Host Hotels & Resorts by 28.4% in the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock worth $52,000 after buying an additional 807 shares during the period. Avantax Advisory Services Inc. lifted its holdings in shares of Host Hotels & Resorts by 51.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 15,681 shares of the company’s stock worth $223,000 after buying an additional 5,324 shares during the period. TD Asset Management Inc grew its position in shares of Host Hotels & Resorts by 11.0% during the 1st quarter. TD Asset Management Inc now owns 336,209 shares of the company’s stock worth $4,778,000 after buying an additional 33,251 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Host Hotels & Resorts during the first quarter valued at $163,000. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research note on Friday, November 7th. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price target for the company. Stifel Nicolaus increased their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday. Finally, Wells Fargo & Company upgraded Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.38.

Host Hotels & Resorts Stock Down 0.3%

Shares of Host Hotels & Resorts stock opened at $17.74 on Thursday. The firm’s 50 day moving average price is $16.92 and its 200-day moving average price is $16.39. 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, Inc. has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a market cap of $12.20 billion, a P/E ratio of 18.87 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS 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 analysts’ expectations of $1.30 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. On average, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 30th. Host Hotels & Resorts’s payout ratio is 76.19%.

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.