Summit Global Investments bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,042 shares of the company’s stock, valued at approximately $594,000.
Several other institutional investors also recently modified their holdings of the business. Zions Bancorporation National Association UT increased its position in shares of Host Hotels & Resorts by 89.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock valued at $29,000 after acquiring an additional 781 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Host Hotels & Resorts in the second quarter worth $29,000. SJS Investment Consulting Inc. boosted its position in Host Hotels & Resorts by 64.7% in the first 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. MUFG Securities EMEA plc purchased a new position in Host Hotels & Resorts in the second quarter worth $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $35,000. 98.52% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company raised their price objective on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings lowered shares of Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Truist Financial lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Citigroup increased their target price on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $24.33.
Host Hotels & Resorts Stock Performance
Shares of HST opened at $22.90 on Friday. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 7.91. The stock’s fifty day moving average price is $24.12 and its two-hundred day moving average price is $21.70. The firm has a market cap of $15.69 billion, a PE ratio of 15.27, a PEG ratio of 2.54 and a beta of 1.10.
Insiders Place Their Bets
In related news, EVP Nathan S. Tyrrell sold 15,569 shares of Host Hotels & Resorts stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total value of $358,087.00. Following the completion of the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at approximately $15,688,047. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.
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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