KBC Group NV increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,091,846 shares of the company’s stock after acquiring an additional 50,748 shares during the period. KBC Group NV’s holdings in Host Hotels & Resorts were worth $40,080,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the business. Zions Bancorporation National Association UT lifted its position in Host Hotels & Resorts by 89.1% during the fourth quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company’s stock valued at $29,000 after purchasing an additional 781 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of Host Hotels & Resorts in the second quarter worth $29,000. SJS Investment Consulting Inc. increased its position in Host Hotels & Resorts by 64.7% during the first quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company’s stock valued at $31,000 after acquiring an additional 641 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Host Hotels & Resorts during the second quarter valued at $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in Host Hotels & Resorts during the first quarter valued at $35,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.
Host Hotels & Resorts Price Performance
Shares of Host Hotels & Resorts stock opened at $24.06 on Tuesday. Host Hotels & Resorts, Inc. has a one year low of $15.11 and a one year high of $25.41. The stock’s fifty day moving average is $23.59 and its 200 day moving average is $20.95. The stock has a market cap of $16.48 billion, a P/E ratio of 16.37, a P/E/G ratio of 2.70 and a beta of 1.09. The company has a debt-to-equity ratio of 0.74, a quick ratio of 7.91 and a current ratio of 7.91.
Host Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is presently 54.42%.
Insider Activity
In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the completion of the transaction, the executive vice president directly owned 697,658 shares in the company, valued at approximately $15,348,476. The trade was a 7.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company’s stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Weiss Ratings raised Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 15th. Citigroup upped their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Cantor Fitzgerald increased their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. UBS Group raised their price objective on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $27.00 target price on shares of Host Hotels & Resorts in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $23.95.
Check Out Our Latest Stock Report 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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