Strategic Global Advisors LLC bought a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 280,513 shares of the company’s stock, valued at approximately $6,651,000.
Several other institutional investors also recently added to or reduced their stakes in HST. Vanguard Group Inc. lifted its holdings in shares of Host Hotels & Resorts by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 108,128,327 shares of the company’s stock worth $1,917,115,000 after buying an additional 383,490 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth $2,096,191,000. Norges Bank acquired a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $628,014,000. Invesco Ltd. increased its position in Host Hotels & Resorts by 9.7% during the third quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after acquiring an additional 2,217,322 shares during the period. Finally, Geode Capital Management LLC increased its position in Host Hotels & Resorts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock worth $402,056,000 after acquiring an additional 493,177 shares during the period. 98.52% of the stock is owned by institutional investors.
Host Hotels & Resorts Stock Performance
HST opened at $22.43 on Thursday. The stock has a market cap of $15.37 billion, a PE ratio of 14.95, a P/E/G ratio of 2.55 and a beta of 1.10. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71. The stock’s 50 day simple moving average is $23.87 and its 200-day simple moving average is $21.96.
Insider Transactions at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 63,882 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the sale, the executive vice president owned 618,207 shares of the company’s stock, valued at $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.50% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Weiss Ratings raised shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Finally, Barclays increased their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.
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.
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