Convergence Investment Partners LLC Makes New Investment in Host Hotels & Resorts, Inc. $HST

Convergence Investment Partners LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 4th quarter, HoldingsChannel reports. The fund acquired 47,571 shares of the company’s stock, valued at approximately $843,000.

Several other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in shares of Host Hotels & Resorts by 2.2% during the fourth quarter. Wealthfront Advisers LLC now owns 29,829 shares of the company’s stock worth $529,000 after purchasing an additional 654 shares in the last quarter. Verdence Capital Advisors LLC increased its stake in shares of Host Hotels & Resorts by 3.0% during the third quarter. Verdence Capital Advisors LLC now owns 25,731 shares of the company’s stock worth $428,000 after purchasing an additional 738 shares in the last quarter. Huntington National Bank increased its stake in shares of Host Hotels & Resorts by 17.8% during the third quarter. Huntington National Bank now owns 4,951 shares of the company’s stock worth $84,000 after purchasing an additional 749 shares in the last quarter. Clearstead Advisors LLC increased its stake in shares of Host Hotels & Resorts by 79.6% during the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after purchasing an additional 786 shares in the last quarter. Finally, Abundance Wealth Counselors increased its stake in shares of Host Hotels & Resorts by 0.6% during the fourth quarter. Abundance Wealth Counselors now owns 135,312 shares of the company’s stock worth $2,399,000 after purchasing an additional 790 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the completion of the sale, the executive vice president owned 697,658 shares of the company’s stock, valued at approximately $15,348,476. This represents a 7.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HST. Cantor Fitzgerald boosted their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Morgan Stanley boosted their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. Stifel Nicolaus set a $23.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 7th. Finally, Truist Financial boosted their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.92.

Host Hotels & Resorts Stock Down 0.7%

Shares of NASDAQ HST opened at $21.38 on Friday. Host Hotels & Resorts, Inc. has a 12-month low of $14.46 and a 12-month high of $22.39. The stock has a market cap of $14.64 billion, a PE ratio of 14.54, a P/E/G ratio of 2.42 and a beta of 1.10. The company has a current ratio of 7.91, a quick ratio of 2.59 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $20.11 and a 200 day moving average of $18.93.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.31. Host Hotels & Resorts had a net margin of 16.40% and a return on equity of 15.15%. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company earned $0.64 EPS. Host Hotels & Resorts’s revenue was up 3.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.100-2.16 EPS. As a group, sell-side analysts predict that Host Hotels & Resorts, Inc. will post 2.13 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Host Hotels & Resorts’s dividend payout ratio is currently 54.42%.

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.