Commerce Bank bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the second quarter, Holdings Channel reports. The firm bought 38,674 shares of the company’s stock, valued at approximately $917,000.
Several other institutional investors also recently bought and sold shares of HST. NewEdge Advisors LLC lifted its holdings in Host Hotels & Resorts by 80.5% in the first quarter. NewEdge Advisors LLC now owns 23,800 shares of the company’s stock valued at $338,000 after acquiring an additional 10,618 shares during the period. Goldman Sachs Group Inc. boosted its position in Host Hotels & Resorts by 24.3% in 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. Empowered Funds LLC grew its stake in shares of Host Hotels & Resorts by 6.1% during the 1st quarter. Empowered Funds LLC now owns 18,879 shares of the company’s stock worth $268,000 after purchasing an additional 1,088 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $190,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 413.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock valued at $72,000 after purchasing an additional 3,799 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
Host Hotels & Resorts Trading Down 2.5%
HST stock opened at $22.43 on Thursday. Host Hotels & Resorts, Inc. has a 12-month low of $15.61 and a 12-month high of $25.71. The business’s 50-day moving average is $23.87 and its 200 day moving average is $21.96. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 2.55 and a beta of 1.10.
Analyst Ratings Changes
HST has been the subject of several analyst reports. Cantor Fitzgerald boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Finally, Morgan Stanley raised their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.
View Our Latest Stock Report on Host Hotels & Resorts
Insider Buying and Selling
In related news, EVP Nathan S. Tyrrell sold 63,882 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president directly owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Host Hotels & Resorts 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.
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