Paralel Advisors LLC purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 103,525 shares of the company’s stock, valued at approximately $2,455,000.
Other large investors have also recently made changes to their positions in the company. Waterloo Capital L.P. lifted its holdings in shares of Host Hotels & Resorts by 543.6% during the 4th quarter. Waterloo Capital L.P. now owns 166,859 shares of the company’s stock valued at $2,958,000 after buying an additional 140,932 shares during the period. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Host Hotels & Resorts in the fourth quarter worth $23,632,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in shares of Host Hotels & Resorts by 41.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,169,471 shares of the company’s stock worth $38,465,000 after acquiring an additional 639,695 shares during the period. Convergence Investment Partners LLC purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at $843,000. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Host Hotels & Resorts by 139.2% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 141,640 shares of the company’s stock valued at $2,511,000 after acquiring an additional 82,420 shares during the period. 98.52% of the stock is currently owned by institutional investors.
Host Hotels & Resorts Price Performance
NASDAQ HST opened at $23.09 on Friday. The company has a market capitalization of $15.82 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. The business’s fifty day moving average is $24.02 and its 200 day moving average is $21.85. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $25.71.
Insider Buying and Selling at Host Hotels & Resorts
In related news, EVP Nathan S. Tyrrell sold 15,569 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total transaction of $358,087.00. Following the completion of the transaction, the executive vice president directly owned 682,089 shares in the company, valued at approximately $15,688,047. The trade was a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on HST. Truist Financial raised their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $27.00 price target on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Stifel Nicolaus set a $26.25 price objective on shares of Host Hotels & Resorts in a research note on Thursday, June 4th. Cantor Fitzgerald raised their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Barclays boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.33.
Check Out Our Latest Report on Host Hotels & Resorts
Host Hotels & Resorts Company 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.
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