Corient Private Wealth LP purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 175,117 shares of the company’s stock, valued at approximately $4,152,000.
Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth $2,096,191,000. Norges Bank acquired a new position in Host Hotels & Resorts during the 4th quarter worth $628,014,000. Deutsche Bank AG acquired a new position in Host Hotels & Resorts during the 2nd quarter worth $296,560,000. Bank of America Corp DE bought a new stake in Host Hotels & Resorts during the second quarter valued at about $295,807,000. Finally, SG Americas Securities LLC grew its position in shares of Host Hotels & Resorts by 251.9% in the first quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company’s stock valued at $263,555,000 after purchasing an additional 9,846,104 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of NASDAQ:HST opened at $21.93 on Tuesday. The firm has a market capitalization of $15.02 billion, a PE ratio of 14.62, a PEG ratio of 2.47 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 business’s 50 day moving average is $23.70 and its 200-day moving average is $22.02.
Insider Transactions at Host Hotels & Resorts
In other news, EVP Nathan S. Tyrrell sold 63,882 shares of the 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 completion of the transaction, the executive vice president owned 618,207 shares in the company, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on HST shares. JPMorgan Chase & Co. lifted their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. Weiss Ratings raised Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Raymond James Financial reiterated an “outperform” rating and set a $27.00 price target on shares of Host Hotels & Resorts in a report on Monday, June 8th. Barclays increased their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, UBS Group boosted their target price on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.33.
Read Our Latest Stock Report on HST
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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