Diversify Advisory Services LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 57,904 shares of the company’s stock, valued at approximately $1,446,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of HST. Wealthfront Advisers LLC acquired a new position in Host Hotels & Resorts during the 2nd quarter worth about $811,000. Meeder Advisory Services Inc. bought a new position in shares of Host Hotels & Resorts in the second quarter worth about $212,000. Meeder Asset Management Inc. bought a new position in shares of Host Hotels & Resorts in the second quarter worth about $129,000. BlackRock Inc. acquired a new position in shares of Host Hotels & Resorts during the second quarter worth approximately $2,096,191,000. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $579,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Up 1.0%
Shares of Host Hotels & Resorts stock opened at $23.15 on Thursday. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71. The business has a 50-day moving average of $24.04 and a two-hundred day moving average of $21.82. The company has a market capitalization of $15.86 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96.
Insiders Place Their Bets
In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm’s stock in a transaction that occurred 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on HST. JPMorgan Chase & Co. raised their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Morgan Stanley upped their target price on shares of 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. Wells Fargo & Company lifted 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. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Cantor Fitzgerald increased their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $24.33.
View Our Latest Analysis on HST
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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