Cibc World Market Inc. acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 172,806 shares of the company’s stock, valued at approximately $4,097,000.
A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 buying an additional 383,490 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Host Hotels & Resorts during the second quarter worth approximately $2,096,191,000. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $628,014,000. Invesco Ltd. boosted its stake in shares of Host Hotels & Resorts by 9.7% in the 3rd quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock valued at $425,866,000 after purchasing an additional 2,217,322 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Host Hotels & Resorts by 2.2% during 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. Institutional investors own 98.52% of the company’s stock.
Insider Activity
In other news, EVP Nathan S. Tyrrell sold 63,882 shares of the firm’s stock in a transaction 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 directly owned 618,207 shares in the company, valued at $14,299,127.91. This trade represents a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by company insiders.
Host Hotels & Resorts Price Performance
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. On average, sell-side analysts forecast that Host Hotels & Resorts, Inc. will post 2.18 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts recently commented on HST shares. JPMorgan Chase & Co. lifted their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. Argus set a $27.00 price target on Host Hotels & Resorts in a research report on Wednesday, June 17th. Truist Financial boosted their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Stifel Nicolaus set a $26.25 price objective on shares of Host Hotels & Resorts in a report on Thursday, June 4th. Finally, Raymond James Financial restated an “outperform” rating and set a $27.00 target price on shares of Host Hotels & Resorts in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.33.
View Our Latest Analysis 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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