NewEdge Wealth LLC acquired a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,207,728 shares of the company’s stock, valued at approximately $52,345,000. NewEdge Wealth LLC owned approximately 0.32% of Host Hotels & Resorts at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC acquired a new stake in shares of Host Hotels & Resorts during the second quarter valued at about $4,813,000. Danske Bank A S acquired a new position in shares of Host Hotels & Resorts in the second quarter worth about $19,420,000. Diversify Advisory Services LLC acquired a new position in shares of Host Hotels & Resorts in the second quarter worth about $1,446,000. Wealthfront Advisers LLC acquired a new position in shares of Host Hotels & Resorts in the second quarter worth about $811,000. Finally, Meeder Advisory Services Inc. purchased a new position in Host Hotels & Resorts in the second quarter valued at about $212,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
Host Hotels & Resorts Stock Performance
Shares of HST stock opened at $23.15 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. Host Hotels & Resorts, Inc. has a one year low of $15.61 and a one year high of $25.71. The company’s 50-day simple moving average is $24.04 and its 200-day simple moving average is $21.82. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.54 and a beta of 1.10.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on HST. Morgan Stanley raised their price objective on Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. LADENBURG THALM/SH SH raised their price target on shares of Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Truist Financial lifted their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus price target of $24.33.
Check Out Our Latest Analysis on HST
Insider Buying and Selling
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total transaction of $358,087.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by corporate insiders.
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.
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