MBL Wealth LLC Purchases New Shares in Host Hotels & Resorts, Inc. $HST

MBL Wealth LLC purchased a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,773 shares of the company’s stock, valued at approximately $510,000.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Host Hotels & Resorts in the 2nd quarter valued at $2,096,191,000. Deutsche Bank AG purchased a new position in Host Hotels & Resorts during the 2nd quarter worth $296,560,000. Bank of America Corp DE purchased a new position in Host Hotels & Resorts during the 2nd quarter worth $295,807,000. Dimensional Fund Advisors LP raised its position in Host Hotels & Resorts by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock worth $201,042,000 after buying an additional 118,043 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth $143,770,000. 98.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Nathan Tyrrell sold 63,882 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the transaction, the executive vice president owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

HST has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Truist Financial raised their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Cantor Fitzgerald lifted their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Morgan Stanley boosted their target price on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Finally, Barclays boosted their target price on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.70.

Host Hotels & Resorts Stock Down 0.6%

Host Hotels & Resorts stock opened at $24.72 on Friday. 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 firm has a market capitalization of $16.94 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.09. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $25.71. The stock’s fifty day moving average is $22.71 and its two-hundred day moving average is $22.89.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Analysts predict that Host Hotels & Resorts, Inc. will post 2.19 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.2%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 53.33%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.