BlackRock Inc. Makes New Investment in Host Hotels & Resorts, Inc. $HST

Key Points

• BlackRock acquired 88.4 million shares of Host Hotels & Resorts during the second quarter, valued at approximately $2.1 billion and representing a 12.91% stake. Institutional investors and hedge funds collectively own 98.52% of the company.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.33; recent targets range as high as $27.
• Host Hotels & Resorts exceeded quarterly expectations, reporting $0.63 in EPS versus the $0.62 estimate and $1.64 billion in revenue, up 3.4% year over year. Shares opened at $23.15, within a 52-week range of $15.61 to $25.71.

BlackRock Inc. acquired a new stake in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 88,409,556 shares of the company's stock, valued at approximately $2,096,191,000. BlackRock Inc. owned about 12.91% of Host Hotels & Resorts at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HST. NewEdge Advisors LLC lifted its holdings in Host Hotels & Resorts by 80.5% during the 1st quarter. NewEdge Advisors LLC now owns 23,800 shares of the company's stock worth $338,000 after buying an additional 10,618 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Host Hotels & Resorts by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company's stock valued at $74,027,000 after acquiring an additional 1,019,345 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Host Hotels & Resorts by 6.1% in the 1st quarter. Empowered Funds LLC now owns 18,879 shares of the company's stock valued at $268,000 after acquiring an additional 1,088 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter worth about $190,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Host Hotels & Resorts by 413.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,718 shares of the company's stock worth $72,000 after acquiring an additional 3,799 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Host Hotels & Resorts from $22.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Cantor Fitzgerald raised their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. BMO Capital Markets restated an "outperform" rating and set a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Argus set a $27.00 target price on shares of Host Hotels & Resorts in a report on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 14th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $24.33.

Host Hotels & Resorts Stock Up 1.0%

Host Hotels & Resorts stock opened at $23.15 on Thursday. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $25.71. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market capitalization of $15.86 billion, a P/E ratio of 15.43, a PEG ratio of 2.54 and a beta of 1.10. The stock has a 50-day simple moving average of $24.04 and a 200-day simple moving average of $21.82.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) 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 return on equity of 15.53% and a net margin of 16.51%.The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.58 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current year.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total transaction of $358,087.00. Following the transaction, the executive vice president directly owned 682,089 shares in the company, valued at approximately $15,688,047. This trade represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company's stock.

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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