Allianz Asset Management GmbH Increases Holdings in Host Hotels & Resorts, Inc. $HST

Allianz Asset Management GmbH boosted its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,348,861 shares of the company’s stock after purchasing an additional 568,654 shares during the period. Allianz Asset Management GmbH owned about 0.49% of Host Hotels & Resorts worth $56,998,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth about $554,669,000. Arrowstreet Capital Limited Partnership raised its position in Host Hotels & Resorts by 199.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company’s stock worth $81,320,000 after acquiring an additional 3,523,534 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Host Hotels & Resorts by 86.6% in the second quarter. AQR Capital Management LLC now owns 2,607,714 shares of the company’s stock valued at $40,054,000 after purchasing an additional 1,209,989 shares in the last quarter. Sei Investments Co. grew its position in shares of Host Hotels & Resorts by 37.5% in the second quarter. Sei Investments Co. now owns 4,174,451 shares of the company’s stock valued at $64,120,000 after purchasing an additional 1,137,654 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Host Hotels & Resorts by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock worth $74,027,000 after purchasing an additional 1,019,345 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $19.31 on Thursday. The firm’s fifty day simple moving average is $18.25 and its 200 day simple moving average is $17.28. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a twelve month low of $12.22 and a twelve month high of $19.40. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 2.22 and a beta of 1.17.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.The firm’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. As a group, equities research analysts expect 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 an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 85.0%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 76.19%.

Analyst Ratings Changes

HST has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Host Hotels & Resorts in a report on Monday, December 29th. Barclays began coverage on Host Hotels & Resorts in a research report on Tuesday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on Host Hotels & Resorts from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.00 to $22.00 in a report on Friday, November 7th. Finally, Evercore ISI downgraded shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target for the company. in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $19.32.

Insider Activity

In other news, EVP Nathan S. Tyrrell sold 9,086 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $18.47, for a total transaction of $167,818.42. Following the transaction, the executive vice president directly owned 659,841 shares of the company’s stock, valued at approximately $12,187,263.27. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.