SG Trading Solutions LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 31,923 shares of the company’s stock, valued at approximately $566,000.
Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Host Hotels & Resorts by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 108,128,327 shares of the company’s stock worth $1,917,115,000 after acquiring an additional 383,490 shares during the last quarter. Norges Bank acquired a new position in Host Hotels & Resorts in the fourth quarter worth approximately $628,014,000. Invesco Ltd. increased its holdings in Host Hotels & Resorts by 9.7% in the third quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after buying an additional 2,217,322 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Host Hotels & Resorts by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock valued at $402,056,000 after purchasing an additional 493,177 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Host Hotels & Resorts by 36.8% during the 4th quarter. Deutsche Bank AG now owns 12,710,787 shares of the company’s stock worth $225,362,000 after acquiring an additional 3,420,840 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of HST stock opened at $25.01 on Friday. Host Hotels & Resorts, Inc. has a 52-week low of $15.11 and a 52-week high of $25.36. The stock has a market cap of $17.13 billion, a PE ratio of 17.01, a PEG ratio of 2.83 and a beta of 1.10. The company has a debt-to-equity ratio of 0.74, a quick ratio of 7.91 and a current ratio of 7.91. The firm’s 50 day moving average price is $22.40 and its two-hundred day moving average price is $20.08.
Host Hotels & Resorts Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 54.42%.
Insiders Place Their Bets
In other news, EVP Nathan S. Tyrrell sold 15,569 shares of Host Hotels & Resorts stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction of $358,087.00. Following the transaction, the executive vice president directly owned 682,089 shares of the company’s stock, valued at $15,688,047. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, June 12th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Morgan Stanley lifted their price objective on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a report on Tuesday, May 12th. Finally, Argus set a $27.00 target price on shares of Host Hotels & Resorts in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.95.
Check Out Our Latest Research Report on Host Hotels & Resorts
About Host Hotels & Resorts
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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