Vestmark Advisory Solutions Inc. Makes New Investment in Host Hotels & Resorts, Inc. $HST

Vestmark Advisory Solutions Inc. bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,165 shares of the company’s stock, valued at approximately $187,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC grew its stake in Host Hotels & Resorts by 224.4% during the 2nd quarter. Savant Capital LLC now owns 48,116 shares of the company’s stock valued at $739,000 after purchasing an additional 33,282 shares during the last quarter. Ellevest Inc. lifted its stake in Host Hotels & Resorts by 49.5% during the 2nd quarter. Ellevest Inc. now owns 28,201 shares of the company’s stock valued at $433,000 after acquiring an additional 9,341 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Host Hotels & Resorts by 2.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,668,976 shares of the company’s stock valued at $87,075,000 after acquiring an additional 154,893 shares during the last quarter. Corton Capital Inc. acquired a new position in Host Hotels & Resorts during the second quarter valued at $189,000. Finally, iA Global Asset Management Inc. boosted its holdings in Host Hotels & Resorts by 30.1% in the second quarter. iA Global Asset Management Inc. now owns 82,147 shares of the company’s stock valued at $1,262,000 after purchasing an additional 19,020 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Price Performance

Shares of HST opened at $17.99 on Thursday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 19.09 and a beta of 1.36. 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 business’s 50-day moving average is $16.96 and its 200-day moving average is $16.19. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.30 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 .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s payout ratio is currently 76.19%.

Analyst Ratings Changes

Several research analysts have weighed in on HST shares. Weiss Ratings restated a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Tuesday. Truist Financial raised 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. Evercore ISI lowered shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price objective for the company. in a research report on Tuesday. JPMorgan Chase & Co. upped 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 note on Friday, November 7th. Finally, UBS Group boosted their price target on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.