Host Hotels & Resorts, Inc. $HST Stock Position Lifted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 23.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 602,610 shares of the company’s stock after acquiring an additional 113,227 shares during the quarter. Illinois Municipal Retirement Fund owned 0.09% of Host Hotels & Resorts worth $9,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HST. Nordea Investment Management AB increased its holdings in shares of Host Hotels & Resorts by 48.3% in the 2nd quarter. Nordea Investment Management AB now owns 250,568 shares of the company’s stock worth $3,849,000 after acquiring an additional 81,624 shares during the period. Ballentine Partners LLC bought a new position in Host Hotels & Resorts in the 2nd quarter worth about $202,000. Cerity Partners LLC grew its position in Host Hotels & Resorts by 32.9% in the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock worth $546,000 after purchasing an additional 9,508 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Host Hotels & Resorts by 54.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 69,743 shares of the company’s stock valued at $1,071,000 after purchasing an additional 24,654 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company’s stock valued at $11,260,000 after buying an additional 6,592 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HST. Stifel Nicolaus increased their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday, November 5th. Finally, Evercore ISI raised their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Host Hotels & Resorts Trading Up 1.9%

Shares of HST stock opened at $18.18 on Tuesday. The stock has a 50-day simple moving average of $16.93 and a 200 day simple moving average of $16.14. The stock has a market capitalization of $12.50 billion, a P/E ratio of 19.34 and a beta of 1.36. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. 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 issued 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 company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company earned $0.36 EPS. Host Hotels & Resorts’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. On average, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.