Wellington Management Group LLP cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 45.3% in the second quarter, HoldingsChannel reports. The firm owned 212,388 shares of the company’s stock after selling 176,048 shares during the period. Wellington Management Group LLP’s holdings in Host Hotels & Resorts were worth $5,036,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in HST. NewEdge Advisors LLC lifted its stake in Host Hotels & Resorts by 80.5% in the first quarter. NewEdge Advisors LLC now owns 23,800 shares of the company’s stock worth $338,000 after acquiring an additional 10,618 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Host Hotels & Resorts by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock valued at $74,027,000 after purchasing an additional 1,019,345 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Host Hotels & Resorts by 6.1% in the 1st quarter. Empowered Funds LLC now owns 18,879 shares of the company’s stock valued at $268,000 after purchasing an additional 1,088 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $190,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 413.4% during the second quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company’s stock valued at $72,000 after purchasing an additional 3,799 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Stock Down 0.1%
Shares of Host Hotels & Resorts stock opened at $22.04 on Thursday. 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 company has a market cap of $15.10 billion, a P/E ratio of 14.69, a PEG ratio of 2.49 and a beta of 1.07. The firm’s 50 day moving average price is $23.35 and its 200-day moving average price is $22.12. Host Hotels & Resorts, Inc. has a 52-week low of $15.61 and a 52-week high of $25.71.
Analyst Ratings Changes
Several equities analysts recently issued reports on HST shares. Weiss Ratings raised shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 14th. BMO Capital Markets restated an “outperform” rating and set a $27.00 target price on shares of Host Hotels & Resorts in a report on Friday, June 12th. UBS Group increased their target price on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. Finally, Argus set a $27.00 price target on Host Hotels & Resorts in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $24.33.
Insider Activity at Host Hotels & Resorts
In other news, EVP Nathan Tyrrell sold 63,882 shares of the firm’s 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 owned 618,207 shares of the company’s stock, valued at $14,299,127.91. This trade represents a 9.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
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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