VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 615,219 shares of the company’s stock after selling 82,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Host Hotels & Resorts were worth $13,775,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of HST. BlackRock Inc. purchased a new position in Host Hotels & Resorts during the second quarter worth approximately $2,096,191,000. Deutsche Bank AG purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $296,560,000. Bank of America Corp DE purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $295,807,000. Dimensional Fund Advisors LP grew its stake in shares of Host Hotels & Resorts by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock valued at $201,042,000 after buying an additional 118,043 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Host Hotels & Resorts by 253.8% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,096,636 shares of the company’s stock worth $116,812,000 after buying an additional 4,373,449 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on HST shares. 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 lifted their target price on Host Hotels & Resorts from $26.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, October 26th. Barclays boosted their price target on Host Hotels & Resorts from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Truist Financial boosted their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Finally, Cantor Fitzgerald upped their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $25.14.
View Our Latest Stock Report on Host Hotels & Resorts
Insider Transactions at Host Hotels & Resorts
In related news, EVP Nathan Tyrrell sold 63,882 shares of the 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 completion of the sale, the executive vice president directly owned 618,207 shares in the company, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.
Host Hotels & Resorts Price Performance
HST opened at $25.30 on Friday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. Host Hotels & Resorts, Inc. has a 52-week low of $15.61 and a 52-week high of $25.87. The company has a 50 day moving average of $22.96 and a two-hundred day moving average of $21.91. The company has a market cap of $17.33 billion, a P/E ratio of 16.87, a P/E/G ratio of 3.50 and a beta of 1.09.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business earned $0.58 earnings per share. The business’s quarterly revenue 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, analysts expect that Host Hotels & Resorts, Inc. will post 2.19 earnings per share for the current year.
Host Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 53.33%.
Host Hotels & Resorts Profile
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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