QRG Capital Management Inc. Increases Stock Position in Host Hotels & Resorts, Inc. $HST

QRG Capital Management Inc. increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 3.2% during the 2nd quarter, Holdings Channel reports. The firm owned 539,365 shares of the company’s stock after purchasing an additional 16,914 shares during the quarter. QRG Capital Management Inc.’s holdings in Host Hotels & Resorts were worth $8,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HST. Invesco Ltd. boosted its stake in shares of Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after buying an additional 2,503,550 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in Host Hotels & Resorts by 1.7% during the first quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock worth $159,661,000 after acquiring an additional 183,653 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Host Hotels & Resorts by 3.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock worth $107,342,000 after purchasing an additional 227,202 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Host Hotels & Resorts by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock valued at $74,027,000 after purchasing an additional 1,019,345 shares during the period. Finally, Nuveen LLC bought a new position in Host Hotels & Resorts in the 1st quarter valued at $69,989,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $16.91 on Monday. The firm has a market cap of $11.63 billion, a P/E ratio of 17.99 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $16.74 and its 200-day moving average is $15.65. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, topping 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 company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $0.57 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Sell-side analysts predict 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 disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Tuesday, September 30th. Host Hotels & Resorts’s payout ratio is presently 85.11%.

Analyst Ratings Changes

A number of research firms have recently commented on HST. Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Saturday, September 27th. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Cantor Fitzgerald began coverage on shares of Host Hotels & Resorts in a research note on Wednesday. They set a “neutral” rating and a $19.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, August 27th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.88.

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.