Sterling Capital Management LLC Purchases 22,521 Shares of Host Hotels & Resorts, Inc. $HST

Sterling Capital Management LLC lifted its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 20.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 134,070 shares of the company’s stock after purchasing an additional 22,521 shares during the period. Sterling Capital Management LLC’s holdings in Host Hotels & Resorts were worth $3,002,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Host Hotels & Resorts during the second quarter worth $2,096,191,000. Deutsche Bank AG purchased a new position in Host Hotels & Resorts in the second quarter valued at $296,560,000. Bank of America Corp DE acquired a new stake in Host Hotels & Resorts in the second quarter valued at $295,807,000. Dimensional Fund Advisors LP raised its stake in Host Hotels & Resorts by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock valued at $201,042,000 after buying an additional 118,043 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Host Hotels & Resorts by 253.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,096,636 shares of the company’s stock valued at $116,812,000 after buying an additional 4,373,449 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $24.72 on Monday. The company has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $22.91. Host Hotels & Resorts, Inc. has a 12-month low of $15.61 and a 12-month high of $25.71. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. The stock has a market cap of $16.94 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 2.77 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $0.58 EPS. The company’s revenue was up 3.4% on a year-over-year basis. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 2.19 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

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

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction on 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 in the company, valued at $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on HST shares. Morgan Stanley lifted their price target on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, October 12th. Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $25.00 to $26.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Barclays raised 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. Truist Financial boosted their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $24.70.

About Host Hotels & Resorts

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.