Lecap Asset Management Ltd. Invests $2.58 Million in Host Hotels & Resorts, Inc. $HST

Lecap Asset Management Ltd. bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) during the second quarter, HoldingsChannel.com reports. The firm bought 167,662 shares of the company’s stock, valued at approximately $2,575,000. Host Hotels & Resorts comprises 0.9% of Lecap Asset Management Ltd.’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HST. NBC Securities Inc. raised 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 worth $26,000 after acquiring an additional 1,852 shares during the period. Armstrong Advisory Group Inc. raised 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 worth $26,000 after acquiring an additional 1,516 shares during the period. TD Private Client Wealth LLC raised 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 worth $32,000 after acquiring an additional 691 shares during the period. Versant Capital Management Inc raised 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 worth $33,000 after acquiring an additional 2,047 shares during the period. Finally, AlphaQuest LLC bought a new stake in Host Hotels & Resorts during the 1st quarter worth approximately $33,000. Institutional investors own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the topic of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts in a research report on Wednesday. They set a “neutral” rating and a $19.00 price objective on the stock. Morgan Stanley reiterated an “outperform” rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. UBS Group lifted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “overweight” rating in a research report on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Trading Up 0.2%

HST stock opened at $17.05 on Thursday. The firm has a fifty day moving average price of $16.72 and a 200 day moving average price of $15.62. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $11.72 billion, a PE ratio of 18.14 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business’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 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.7%. Host Hotels & Resorts’s dividend payout ratio is currently 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.