86,301 Shares in Host Hotels & Resorts, Inc. $HST Acquired by Range Financial Group LLC

Key Points

• Range Financial Group acquired 86,301 shares of Host Hotels & Resorts worth approximately $1.93 million during the third quarter. Institutional investors and hedge funds collectively own 98.52% of the company.
• Analysts maintain a generally positive outlook, with Host Hotels receiving a “Moderate Buy” consensus rating and an average price target of $24.70.
• Host Hotels reported quarterly EPS of $0.63, exceeding estimates, while revenue rose 3.4% year over year to $1.64 billion. The company also pays a quarterly dividend of $0.20, representing a 3.2% annualized yield.

Range Financial Group LLC purchased a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 86,301 shares of the company's stock, valued at approximately $1,932,000.

Several other large investors have also recently made changes to their positions in HST. BlackRock Inc. purchased a new stake in Host Hotels & Resorts in the second quarter valued at approximately $2,096,191,000. Deutsche Bank AG purchased a new position in shares of Host Hotels & Resorts during the second quarter worth $296,560,000. Bank of America Corp DE acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $295,807,000. Bank of New York Mellon Corp acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at $143,770,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Host Hotels & Resorts by 16,183.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,323,184 shares of the company's stock valued at $126,213,000 after buying an additional 5,290,493 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HST shares. Weiss Ratings upgraded Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 14th. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $25.00 to $26.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Cantor Fitzgerald boosted their price target 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. Barclays boosted their price target on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley increased their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 12th. One investment 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $24.70.

Host Hotels & Resorts Price Performance

HST stock opened at $24.80 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $16.99 billion, a P/E ratio of 16.53, a P/E/G ratio of 2.73 and a beta of 1.09. The business's 50-day moving average is $22.58 and its two-hundred day moving average is $22.79. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%. The business's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 earnings per share. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Analysts anticipate that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. Host Hotels & Resorts's payout ratio is currently 53.33%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the completion of the sale, the executive vice president directly owned 618,207 shares of the company's stock, valued at approximately $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.50% of the company's stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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