Crossingbridge Advisors LLC Invests $197,000 in Host Hotels & Resorts, Inc. $HST

Crossingbridge Advisors LLC acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the second quarter, according to its most recent filing with the SEC. The fund acquired 12,500 shares of the company’s stock, valued at approximately $197,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its position in shares of Host Hotels & Resorts by 41.9% during the first quarter. Private Advisor Group LLC now owns 30,391 shares of the company’s stock valued at $432,000 after buying an additional 8,968 shares during the period. IFP Advisors Inc increased its holdings in Host Hotels & Resorts by 28.4% during the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock worth $52,000 after acquiring an additional 807 shares during the period. Avantax Advisory Services Inc. lifted its stake in 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 purchasing an additional 5,324 shares in the last quarter. 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 valued at $4,778,000 after purchasing an additional 33,251 shares in the last quarter. Finally, HB Wealth Management LLC bought a new position in shares of Host Hotels & Resorts in the first quarter worth $163,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 0.3%

Shares of HST opened at $17.74 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 18.87 and a beta of 1.36. The firm has a 50 day moving average price of $16.93 and a 200-day moving average price of $16.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue was up .9% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. As a group, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis 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%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Truist Financial boosted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a “hold” rating in a report on Wednesday, September 3rd. Wells Fargo & Company raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. UBS Group boosted their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research report on Friday, November 7th. One research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.38.

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.