Host Hotels & Resorts, Inc. $HST Stock Position Lifted by Candriam S.C.A.

Candriam S.C.A. increased its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 81.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 573,836 shares of the company’s stock after acquiring an additional 258,133 shares during the period. Candriam S.C.A.’s holdings in Host Hotels & Resorts were worth $12,895,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HST. BlackRock Inc. acquired a new stake in Host Hotels & Resorts during the 2nd quarter worth $2,096,191,000. Deutsche Bank AG acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $296,560,000. Bank of America Corp DE acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $295,807,000. Dimensional Fund Advisors LP grew its stake in shares of Host Hotels & Resorts by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock worth $201,042,000 after acquiring an additional 118,043 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $143,770,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HST. Cantor Fitzgerald boosted their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a research note on Monday, October 26th. Morgan Stanley boosted their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Finally, Truist Financial increased their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.35.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $25.28 on Tuesday. Host Hotels & Resorts, Inc. has a 1-year low of $16.77 and a 1-year high of $26.19. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $23.27 and a 200 day simple moving average of $22.12. The stock has a market capitalization of $17.32 billion, a PE ratio of 18.45, a P/E/G ratio of 3.61 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.19%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, research analysts expect that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. Host Hotels & Resorts’s payout ratio is currently 58.39%.

Insider Activity

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the sale, the executive vice president directly owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets.

The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.

Host traces its history to Host Marriott Corporation, established in 1993, and adopted the REIT structure in 1998.