Oppenheimer Asset Management Inc. Invests $1.43 Million in Host Hotels & Resorts, Inc. $HST

Oppenheimer Asset Management Inc. purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 60,162 shares of the company’s stock, valued at approximately $1,426,000.

Several other large investors have also made changes to their positions in HST. Empowered Funds LLC raised its position in Host Hotels & Resorts by 2.7% during the fourth quarter. Empowered Funds LLC now owns 20,218 shares of the company’s stock valued at $358,000 after acquiring an additional 537 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Host Hotels & Resorts by 1.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,581 shares of the company’s stock worth $595,000 after acquiring an additional 607 shares in the last quarter. Huntington National Bank grew its position in Host Hotels & Resorts by 12.3% in the fourth quarter. Huntington National Bank now owns 5,560 shares of the company’s stock worth $99,000 after acquiring an additional 609 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock worth $31,000 after purchasing an additional 641 shares during the last quarter. Finally, Wealthfront Advisers LLC increased its stake in shares of Host Hotels & Resorts by 2.2% during the 4th quarter. Wealthfront Advisers LLC now owns 29,829 shares of the company’s stock worth $529,000 after purchasing an additional 654 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HST. Citigroup raised their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Truist Financial upped their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley increased their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 12th. JPMorgan Chase & Co. raised their target price on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Insider Activity

In related news, EVP Nathan S. Tyrrell sold 15,569 shares of the company’s 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 completion of the sale, the executive vice president directly owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. This represents a 2.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $22.90 on Monday. Host Hotels & Resorts, Inc. has a 12 month low of $15.61 and a 12 month high of $25.71. The company has a market cap of $15.69 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $24.12 and its two-hundred day moving average is $21.73.

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.