Chevy Chase Trust Holdings LLC Grows Holdings in Host Hotels & Resorts, Inc. $HST

Chevy Chase Trust Holdings LLC raised its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 467,531 shares of the company’s stock after buying an additional 1,264 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Host Hotels & Resorts were worth $7,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. boosted its position in shares of Host Hotels & Resorts by 953.5% in the second 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 last quarter. TD Private Client Wealth LLC boosted its position in shares of Host Hotels & Resorts by 50.0% in the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of Host Hotels & Resorts in the first quarter worth approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth approximately $33,000. Finally, Brooklyn Investment Group boosted its position in shares of Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock worth $34,000 after acquiring an additional 1,845 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HST shares. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Evercore ISI raised their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. UBS Group raised their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Truist Financial raised their target price 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. Finally, Stifel Nicolaus raised their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a research report on Thursday, July 31st. One research 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. According to data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $17.88.

Host Hotels & Resorts Trading Up 1.3%

NASDAQ HST opened at $16.49 on Tuesday. Host Hotels & Resorts, Inc. has a one year low of $12.22 and a one year high of $19.36. The company’s 50 day moving average price is $16.89 and its 200 day moving average price is $15.80. 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 firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 17.54 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.57 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 dividend yield of 4.9%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 85.11%.

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.