Y Intercept Hong Kong Ltd bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 128,421 shares of the company’s stock, valued at approximately $2,461,000.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT grew 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 worth $29,000 after acquiring an additional 781 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Host Hotels & Resorts in the 2nd quarter valued at about $29,000. SJS Investment Consulting Inc. boosted its stake in Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock valued at $31,000 after purchasing an additional 641 shares during the period. MUFG Securities EMEA plc acquired a new position in Host Hotels & Resorts during the 2nd quarter valued at about $32,000. Finally, Wiser Advisor Group LLC bought a new position in Host Hotels & Resorts in the 3rd quarter worth about $40,000. 98.52% of the stock is currently owned by institutional investors.
Host Hotels & Resorts Price Performance
NASDAQ HST opened at $23.35 on Wednesday. Host Hotels & Resorts, Inc. has a 12 month low of $15.11 and a 12 month high of $25.41. The firm has a market capitalization of $15.99 billion, a PE ratio of 15.88, a P/E/G ratio of 2.63 and a beta of 1.09. The company’s 50 day simple moving average is $23.22 and its 200 day simple moving average is $20.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 7.91 and a quick ratio of 7.91.
Host Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is presently 54.42%.
Insider Transactions at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 58,579 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.00, for a total value of $1,288,738.00. Following the sale, the executive vice president directly owned 697,658 shares in the company, valued at approximately $15,348,476. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $27.00 price target on shares of Host Hotels & Resorts in a report on Monday, June 8th. Weiss Ratings cut Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. Morgan Stanley lifted their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Cantor Fitzgerald increased their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Stifel Nicolaus set a $26.25 price objective on shares of Host Hotels & Resorts in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.95.
Get Our Latest Stock Analysis on HST
About Host Hotels & Resorts
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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