Algert Global LLC Buys 409,144 Shares of Host Hotels & Resorts, Inc. $HST

Algert Global LLC raised its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 52.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,196,220 shares of the company's stock after purchasing an additional 409,144 shares during the quarter. Algert Global LLC owned 0.17% of Host Hotels & Resorts worth $28,362,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Host Hotels & Resorts in the 2nd quarter worth $2,096,191,000. Norges Bank bought a new position in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $628,014,000. Deutsche Bank AG purchased a new stake in Host Hotels & Resorts in the second quarter worth $296,560,000. SG Americas Securities LLC lifted its stake in 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 period. Finally, Bank of New York Mellon Corp bought a new stake in Host Hotels & Resorts in the second quarter valued at $143,770,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $23.19 on Tuesday. Host Hotels & Resorts, Inc. has a 12 month low of $15.61 and a 12 month high of $25.71. The firm has a market capitalization of $15.89 billion, a P/E ratio of 15.46, a P/E/G ratio of 2.57 and a beta of 1.10. 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 business has a fifty day simple moving average of $23.95 and a two-hundred day simple moving average of $21.91.

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

Insider Activity at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 63,882 shares of the business's 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 sale, the executive vice president directly owned 618,207 shares of the company's stock, valued at $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HST shares. Argus set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 17th. Cantor Fitzgerald boosted their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Truist Financial increased 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. BMO Capital Markets reaffirmed an "outperform" rating and set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Finally, Morgan Stanley upped their target price on Host Hotels & Resorts from $20.00 to $22.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

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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