Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 106,459 shares of the company’s stock, valued at approximately $2,524,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HST. Vanguard Group Inc. raised its position in Host Hotels & Resorts by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 108,128,327 shares of the company’s stock worth $1,917,115,000 after acquiring an additional 383,490 shares during the period. BlackRock Inc. purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth $2,096,191,000. Norges Bank bought a new position in Host Hotels & Resorts in the 4th quarter worth $628,014,000. Invesco Ltd. raised its holdings in Host Hotels & Resorts by 9.7% in the 3rd quarter. Invesco Ltd. now owns 25,021,481 shares of the company’s stock worth $425,866,000 after purchasing an additional 2,217,322 shares during the period. Finally, Geode Capital Management LLC lifted its position in Host Hotels & Resorts by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 22,700,539 shares of the company’s stock valued at $402,056,000 after purchasing an additional 493,177 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Trading Down 0.1%
Host Hotels & Resorts stock opened at $23.19 on Tuesday. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71. The firm’s 50 day moving average price is $23.95 and its 200-day moving average price is $21.91. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market cap of $15.89 billion, a P/E ratio of 15.46, a PEG ratio of 2.57 and a beta of 1.10.
Insider Activity
In related news, EVP Nathan S. Tyrrell sold 63,882 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 618,207 shares in the company, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.50% of the company’s stock.
Wall Street Analysts Forecast Growth
HST has been the topic of several recent research reports. Argus set a $27.00 price objective on Host Hotels & Resorts in a research note on Wednesday, June 17th. Raymond James Financial reissued an “outperform” rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a report on Monday, June 8th. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group increased their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. One equities research 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.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $24.33.
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.
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