Summit Global Investments Makes New $594,000 Investment in Host Hotels & Resorts, Inc. $HST

Summit Global Investments purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 25,042 shares of the company’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HST. Norges Bank bought a new position in shares of Host Hotels & Resorts during the fourth quarter worth about $628,014,000. SG Americas Securities LLC boosted its position in shares of Host Hotels & Resorts by 251.9% during the 1st quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company’s stock valued at $263,555,000 after purchasing an additional 9,846,104 shares in the last quarter. Caisse de depot et placement du Quebec grew its stake in Host Hotels & Resorts by 475.8% during the third quarter. Caisse de depot et placement du Quebec now owns 7,061,055 shares of the company’s stock worth $120,179,000 after purchasing an additional 5,834,750 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Host Hotels & Resorts by 96.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company’s stock worth $176,845,000 after purchasing an additional 5,096,099 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Host Hotels & Resorts by 508.0% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,631,541 shares of the company’s stock worth $95,849,000 after purchasing an additional 4,705,282 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

HST opened at $22.90 on Friday. Host Hotels & Resorts, Inc. has a 1-year low of $15.61 and a 1-year high of $25.71. The company has a market cap of $15.69 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 2.54 and a beta of 1.10. The company’s fifty day moving average price is $24.12 and its two-hundred day moving average price is $21.70. The company has a current ratio of 2.96, a quick ratio of 7.91 and a debt-to-equity ratio of 0.80.

Insider Activity at Host Hotels & Resorts

In related news, EVP Nathan S. Tyrrell sold 15,569 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total value of $358,087.00. Following the sale, the executive vice president owned 682,089 shares in the company, valued at $15,688,047. This represents a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HST shares. BMO Capital Markets reiterated an “outperform” rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, June 12th. UBS Group upped their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. LADENBURG THALM/SH SH upped their price objective on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Argus set a $27.00 target price on Host Hotels & Resorts in a research report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.33.

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.