Connor Clark & Lunn Investment Management Ltd. Invests $4.59 Million in Host Hotels & Resorts, Inc. $HST

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 298,893 shares of the company’s stock, valued at approximately $4,591,000.

A number of other large investors also recently bought and sold shares of HST. Envestnet Asset Management Inc. boosted its stake in Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company’s stock worth $11,260,000 after buying an additional 6,592 shares during the period. Alps Advisors Inc. boosted its position in shares of Host Hotels & Resorts by 8.6% during the 1st quarter. Alps Advisors Inc. now owns 18,050 shares of the company’s stock worth $256,000 after purchasing an additional 1,436 shares during the period. Cerity Partners LLC increased its holdings in Host Hotels & Resorts by 32.9% in the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock valued at $546,000 after purchasing an additional 9,508 shares during the last quarter. New York State Common Retirement Fund raised its position in Host Hotels & Resorts by 9.1% in the first quarter. New York State Common Retirement Fund now owns 459,132 shares of the company’s stock valued at $6,524,000 after purchasing an additional 38,331 shares during the period. Finally, CWM LLC raised its position in Host Hotels & Resorts by 79.1% in the first quarter. CWM LLC now owns 18,766 shares of the company’s stock valued at $267,000 after purchasing an additional 8,288 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HST shares. Wells Fargo & Company upgraded Host Hotels & Resorts to a “strong-buy” rating in a research report on Friday, October 3rd. JPMorgan Chase & Co. raised their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Truist Financial boosted their price target 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. Cantor Fitzgerald initiated 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. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $22.00 in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.38.

Host Hotels & Resorts Price Performance

HST stock opened at $17.57 on Friday. The business’s 50-day moving average is $16.96 and its two-hundred day moving average is $16.20. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $12.08 billion, a P/E ratio of 18.69 and a beta of 1.36. 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 announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given 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 dividend yield of 4.6%. Host Hotels & Resorts’s dividend payout ratio is currently 76.19%.

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.