Callan Family Office LLC bought a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) in the 2nd quarter, Holdings Channel reports. The firm bought 55,726 shares of the company’s stock, valued at approximately $1,321,000.
Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $2,096,191,000. Norges Bank bought a new stake in Host Hotels & Resorts in the fourth quarter worth $628,014,000. Deutsche Bank AG bought a new stake in Host Hotels & Resorts in the second quarter worth $296,560,000. SG Americas Securities LLC grew its stake in shares of Host Hotels & Resorts by 251.9% in the first quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company’s stock worth $263,555,000 after acquiring an additional 9,846,104 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Host Hotels & Resorts in the second quarter worth $143,770,000. 98.52% of the stock is owned by institutional investors.
Host Hotels & Resorts Stock Down 0.1%
Host Hotels & Resorts stock opened at $23.19 on Monday. Host Hotels & Resorts, Inc. has a 12 month low of $15.61 and a 12 month high of $25.71. The stock has a fifty day simple moving average of $23.99 and a two-hundred day simple moving average of $21.88. 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 firm has a market cap of $15.89 billion, a price-to-earnings ratio of 15.46, a PEG ratio of 2.57 and a beta of 1.10.
Insider Transactions at Host Hotels & Resorts
In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 63,882 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the transaction, the executive vice president owned 618,207 shares in the company, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. UBS Group lifted their price target on Host Hotels & Resorts from $20.00 to $23.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. raised their price objective on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Barclays raised their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Argus set a $27.00 target price on shares of Host Hotels & Resorts in a research note on Wednesday, June 17th. Finally, Cantor Fitzgerald upped their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. One investment 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, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $24.33.
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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