Host Hotels & Resorts (NASDAQ:HST) Reaches New 52-Week High – Here’s What Happened

Host Hotels & Resorts, Inc. (NASDAQ:HST) shares hit a new 52-week high during trading on Thursday . The company traded as high as $18.74 and last traded at $18.6440, with a volume of 1470 shares trading hands. The stock had previously closed at $18.57.

Analyst Upgrades and Downgrades

HST has been the topic of a number of research analyst reports. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a report on Friday, November 7th. Evercore ISI cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target for the company. in a report on Tuesday, November 11th. Truist Financial upped their price objective on Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Cantor Fitzgerald began coverage on Host Hotels & Resorts in a research note on Wednesday, October 1st. They set a “neutral” rating and a $19.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.54.

Host Hotels & Resorts Stock Performance

The company has a market cap of $12.83 billion, a P/E ratio of 17.76 and a beta of 1.18. The stock has a 50 day moving average price of $17.13 and a two-hundred day moving average price of $16.65. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $0.36 EPS. The company’s revenue for the quarter 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, research analysts predict 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 declared an annual dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.15 per share. This represents a yield of 82.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.19%.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 9,086 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $18.47, for a total transaction of $167,818.42. Following the transaction, the executive vice president owned 659,841 shares in the company, valued at $12,187,263.27. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Host Hotels & Resorts

Several institutional investors have recently made changes to their positions in HST. Norges Bank bought a new position in Host Hotels & Resorts during the 2nd quarter worth $554,669,000. Geode Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company’s stock worth $398,425,000 after buying an additional 636,983 shares during the last quarter. Invesco Ltd. lifted its position in shares of Host Hotels & Resorts by 9.7% during the 3rd quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after buying an additional 2,217,322 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Host Hotels & Resorts by 3.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 10,734,333 shares of the company’s stock valued at $164,879,000 after buying an additional 341,915 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Host Hotels & Resorts by 96.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company’s stock valued at $176,845,000 after acquiring an additional 5,096,099 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

About Host Hotels & Resorts

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.