Host Hotels & Resorts (NASDAQ:HST) Sets New 1-Year High – Here’s What Happened

Host Hotels & Resorts, Inc. (NASDAQ:HST)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.38 and last traded at $19.2660, with a volume of 4496927 shares. The stock had previously closed at $18.87.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their target price for the company from $18.00 to $22.00 in a research note on Friday, November 7th. UBS Group set a $21.00 price objective on Host Hotels & Resorts in a research note on Friday, January 9th. Evercore ISI cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price on the stock. in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Host Hotels & Resorts in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.32.

Host Hotels & Resorts Trading Up 2.3%

The company has a 50 day moving average of $18.22 and a 200 day moving average of $17.26. The firm has a market cap of $13.28 billion, a P/E ratio of 18.39, a PEG ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.33 by $0.02. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. Host Hotels & Resorts had a net margin of 12.43% and a return on equity of 11.11%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 earnings per share. Analysts predict that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.15 per share. This represents a yield of 85.0%. The ex-dividend date of this dividend was Wednesday, December 31st. Host Hotels & Resorts’s dividend payout ratio is presently 76.19%.

Insiders Place Their Bets

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 11,954 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $18.15, for a total value of $216,965.10. Following the completion of the sale, the executive vice president owned 668,927 shares of the company’s stock, valued at $12,141,025.05. The trade was a 1.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in Host Hotels & Resorts by 80.5% during the first quarter. NewEdge Advisors LLC now owns 23,800 shares of the company’s stock worth $338,000 after acquiring an additional 10,618 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Host Hotels & Resorts by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock valued at $74,027,000 after buying an additional 1,019,345 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Host Hotels & Resorts by 6.1% in the first quarter. Empowered Funds LLC now owns 18,879 shares of the company’s stock valued at $268,000 after buying an additional 1,088 shares during the period. Sivia Capital Partners LLC acquired a new stake in Host Hotels & Resorts during the second quarter worth about $190,000. Finally, Janney Montgomery Scott LLC increased its stake in Host Hotels & Resorts by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 28,696 shares of the company’s stock valued at $441,000 after acquiring an additional 1,564 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

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.