Prime Capital Investment Advisors LLC Purchases 3,238 Shares of Host Hotels & Resorts, Inc. $HST

Prime Capital Investment Advisors LLC raised its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 13.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,983 shares of the company’s stock after purchasing an additional 3,238 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Host Hotels & Resorts were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock valued at $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Centersquare Investment Management LLC lifted its position in shares of Host Hotels & Resorts by 1.7% during the first quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company’s stock worth $159,661,000 after acquiring an additional 183,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Host Hotels & Resorts by 3.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,553,946 shares of the company’s stock worth $107,342,000 after acquiring an additional 227,202 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Host Hotels & Resorts by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock worth $74,027,000 after acquiring an additional 1,019,345 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Host Hotels & Resorts during the 1st quarter worth about $69,989,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group increased their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday. Evercore ISI increased their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $17.88.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $15.82 on Friday. The firm’s fifty day moving average price is $16.77 and its 200-day moving average price is $15.69. 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 stock has a market cap of $10.88 billion, a P/E ratio of 16.83 and a beta of 1.36. 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 posted its quarterly earnings data 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 firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter last year, the company posted $0.57 EPS. The business’s quarterly revenue 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. On average, equities research analysts expect that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) 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.