Ibex Wealth Advisors purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the 1st quarter, HoldingsChannel reports. The fund purchased 410,618 shares of the company’s stock, valued at approximately $7,867,000.
A number of other institutional investors have also modified their holdings of the company. Waterloo Capital L.P. grew its holdings in Host Hotels & Resorts by 543.6% in the fourth quarter. Waterloo Capital L.P. now owns 166,859 shares of the company’s stock worth $2,958,000 after purchasing an additional 140,932 shares during the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $23,632,000. Cbre Investment Management Listed Real Assets LLC lifted its holdings in shares of Host Hotels & Resorts by 1,195.2% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,529,776 shares of the company’s stock valued at $26,037,000 after purchasing an additional 1,411,665 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $843,000. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of Host Hotels & Resorts by 139.2% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 141,640 shares of the company’s stock worth $2,511,000 after purchasing an additional 82,420 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.
Host Hotels & Resorts Price Performance
Shares of NASDAQ HST opened at $23.16 on Friday. Host Hotels & Resorts, Inc. has a 52 week low of $15.11 and a 52 week high of $25.41. The business’s 50 day moving average price is $23.30 and its 200 day moving average price is $20.69. The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74. The firm has a market cap of $15.86 billion, a P/E ratio of 15.76, a P/E/G ratio of 2.58 and a beta of 1.09.
Host Hotels & Resorts Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 54.42%.
Insider Buying and Selling
In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction of $358,087.00. Following the sale, the executive vice president owned 682,089 shares of the company’s stock, valued at $15,688,047. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have commented on HST shares. Cantor Fitzgerald increased their price target on Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Truist Financial boosted their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings downgraded shares of Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. increased their price objective on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Morgan Stanley lifted their target price on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $23.95.
View Our Latest Analysis on Host Hotels & Resorts
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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