Wealthfront Advisers LLC acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 34,225 shares of the company’s stock, valued at approximately $811,000.
Other institutional investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT increased its position in shares of Host Hotels & Resorts by 89.1% in the fourth quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock worth $29,000 after purchasing an additional 781 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Host Hotels & Resorts during the second quarter worth about $29,000. SJS Investment Consulting Inc. grew its stake in Host Hotels & Resorts by 64.7% during the first quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock worth $31,000 after buying an additional 641 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Host Hotels & Resorts during the second quarter worth about $32,000. Finally, Cedar Mountain Advisors LLC acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $35,000. 98.52% of the stock is currently owned by institutional investors.
Host Hotels & Resorts Stock Performance
Shares of Host Hotels & Resorts stock opened at $23.19 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. Host Hotels & Resorts, Inc. has a one year low of $15.61 and a one year high of $25.71. The business has a 50-day simple moving average of $23.99 and a 200 day simple moving average of $21.86. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.56 and a beta of 1.10.
Insider Transactions at Host Hotels & Resorts
In other news, EVP Nathan S. Tyrrell sold 63,882 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the transaction, the executive vice president owned 618,207 shares in the company, valued at $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $27.00 price target on shares of Host Hotels & Resorts in a research note on Friday, June 12th. LADENBURG THALM/SH SH boosted their target price on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Stifel Nicolaus set a $26.25 price target on Host Hotels & Resorts in a report on Thursday, June 4th. Raymond James Financial reissued an “outperform” rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a research note on Monday, June 8th. Finally, UBS Group increased their target price on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.
Read Our Latest Research Report on Host Hotels & Resorts
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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