Abundance Wealth Counselors Takes Position in Host Hotels & Resorts, Inc. $HST

Abundance Wealth Counselors purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 78,748 shares of the company’s stock, valued at approximately $1,210,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HST. NBC Securities Inc. increased its stake in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in 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 purchasing an additional 1,516 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Host Hotels & Resorts by 50.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock valued at $32,000 after purchasing an additional 691 shares in the last quarter. Versant Capital Management Inc increased its stake in Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after purchasing an additional 2,047 shares in the last quarter. Finally, AlphaQuest LLC bought a new stake in Host Hotels & Resorts during the 1st quarter valued at $33,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HST. Morgan Stanley restated an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Evercore ISI boosted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. 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. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Finally, Stifel Nicolaus upped their target price on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $17.88.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $17.11 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $12.22 and a 1 year high of $19.36. 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 cap of $11.76 billion, a price-to-earnings ratio of 18.20 and a beta of 1.36. The company has a fifty day moving average price of $16.74 and a 200-day moving average price of $15.63.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities research analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.7%. Host Hotels & Resorts’s dividend payout ratio is 85.11%.

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.