33,433 Shares of Host Hotels & Resorts, Inc. $HST Acquired by Strategy Asset Managers LLC

Strategy Asset Managers LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 3rd quarter, HoldingsChannel reports. The firm acquired 33,433 shares of the company’s stock, valued at approximately $749,000.

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC lifted its stake in shares of Host Hotels & Resorts by 186.7% in the 2nd quarter. Tidal Investments LLC now owns 93,491 shares of the company’s stock valued at $2,217,000 after purchasing an additional 60,880 shares during the period. Resolution Capital Ltd grew its position in Host Hotels & Resorts by 5.9% during the 1st quarter. Resolution Capital Ltd now owns 2,097,777 shares of the company’s stock valued at $40,193,000 after purchasing an additional 116,440 shares during the last quarter. SummitTX Capital L.P. bought a new stake in shares of Host Hotels & Resorts during the first quarter valued at approximately $7,237,000. Man Group plc purchased a new position in shares of Host Hotels & Resorts in the second quarter worth $36,999,000. Finally, Everett Harris & Co. CA bought a new position in Host Hotels & Resorts during the 2nd quarter valued at about $1,759,000. 98.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of research reports. Barclays raised their price target on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Argus set a $27.00 price target on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Cantor Fitzgerald increased their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.70.

Host Hotels & Resorts Price Performance

HST opened at $22.93 on Thursday. The business has a fifty day moving average of $22.48 and a 200 day moving average of $22.65. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. The stock has a market cap of $15.71 billion, a P/E ratio of 15.29, a PEG ratio of 2.62 and a beta of 1.09. Host Hotels & Resorts, Inc. has a 52-week low of $15.61 and a 52-week high of $25.71.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. The company 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 revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.58 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 2.18 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Wednesday, September 30th. Host Hotels & Resorts’s payout ratio is 53.33%.

Insider Activity

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction 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 transaction, the executive vice president directly owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 (REIT) focused on owning and investing in luxury and upper-upscale hotels. The company’s portfolio includes full-service hotels and resorts located in major urban centers, convention destinations and resort markets.

Host Hotels & Resorts generally owns the real estate and hotel improvements while relying on third-party management companies and leading lodging brands to operate its properties.