Sequoia Financial Advisors LLC Purchases New Position in Host Hotels & Resorts, Inc. $HST

Sequoia Financial Advisors LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the 2nd quarter, HoldingsChannel reports. The fund purchased 14,591 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors have also bought and sold shares of HST. Nuveen LLC acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at $69,989,000. Millennium Management LLC boosted its stake in Host Hotels & Resorts by 1,607.3% in the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company’s stock valued at $43,810,000 after buying an additional 2,902,471 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at $38,611,000. Invesco Ltd. boosted its stake in Host Hotels & Resorts by 11.1% in the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock valued at $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Host Hotels & Resorts by 172.0% in the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company’s stock valued at $36,960,000 after buying an additional 1,644,843 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the topic of several recent analyst reports. Truist Financial boosted their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Wells Fargo & Company upgraded Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. UBS Group lifted their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Stifel Nicolaus lifted their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald initiated coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.88.

Host Hotels & Resorts Trading Down 1.0%

HST stock opened at $16.63 on Friday. The company has a market cap of $11.43 billion, a P/E ratio of 17.69 and a beta of 1.36. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.36. 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 business has a fifty day moving average of $16.93 and a 200-day moving average of $15.84.

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

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given 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 4.8%. Host Hotels & Resorts’s payout ratio is presently 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.