MBL Wealth LLC purchased a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,773 shares of the company’s stock, valued at approximately $510,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in Host Hotels & Resorts during the third quarter worth approximately $50,000. Range Financial Group LLC purchased a new position in Host Hotels & Resorts during the third quarter worth approximately $1,932,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Host Hotels & Resorts by 32.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 341,475 shares of the company’s stock valued at $7,646,000 after purchasing an additional 84,446 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Host Hotels & Resorts by 9.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 190,781 shares of the company’s stock valued at $4,272,000 after purchasing an additional 17,129 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Host Hotels & Resorts by 9.9% in the 3rd quarter. CWA Asset Management Group LLC now owns 137,246 shares of the company’s stock valued at $3,073,000 after purchasing an additional 12,332 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Weiss Ratings raised Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays raised their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. One investment 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 stock. According to data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.
View Our Latest Stock Analysis on HST
Host Hotels & Resorts Stock Performance
Shares of NASDAQ:HST opened at $24.72 on Friday. The business’s 50-day simple moving average is $22.71 and its 200 day simple moving average is $22.89. The company has a market cap of $16.94 billion, a P/E ratio of 16.48, a PEG ratio of 2.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. Host Hotels & Resorts, Inc. has a one year low of $15.61 and a one year high of $25.71.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. 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 2.19 earnings per share for the current fiscal year.
Host Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. Host Hotels & Resorts’s dividend payout ratio is currently 53.33%.
Insider Buying and Selling
In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the firm’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 transaction of $1,477,590.66. Following the completion of the sale, the executive vice president owned 618,207 shares in the company, valued at $14,299,127.91. This trade represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.
Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.
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