Host Hotels & Resorts, Inc. $HST Shares Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,035 shares of the company’s stock after purchasing an additional 30,764 shares during the period. Employees Retirement System of Texas owned approximately 0.07% of Host Hotels & Resorts worth $7,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. raised its stake in shares of Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock valued at $26,000 after buying an additional 1,516 shares during the last quarter. TD Private Client Wealth LLC boosted its stake 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 buying an additional 691 shares during the last quarter. AlphaQuest LLC acquired a new stake in Host Hotels & Resorts during the first quarter worth about $33,000. Ameritas Advisory Services LLC purchased a new position in Host Hotels & Resorts during the second quarter valued at approximately $33,000. Finally, Brooklyn Investment Group lifted its holdings in Host Hotels & Resorts by 348.1% in the first quarter. Brooklyn Investment Group now owns 2,375 shares of the company’s stock valued at $34,000 after acquiring an additional 1,845 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.74 on Thursday. The stock has a market capitalization of $12.20 billion, a P/E ratio of 18.87 and a beta of 1.36. The company’s fifty day moving average price is $16.92 and its 200 day moving average price is $16.39. 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, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.36 earnings per share. The company’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 anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.19%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HST shares. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $22.00 in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Host Hotels & Resorts in a report on Monday. Cantor Fitzgerald started coverage on shares of Host Hotels & Resorts in a research report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Finally, Truist Financial increased 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 note on Wednesday, September 3rd. One equities research 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. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $18.38.

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.