Engineers Gate Manager LP Trims Stock Position in Host Hotels & Resorts, Inc. $HST

Key Points

• Engineers Gate Manager LP cut its Host Hotels & Resorts stake by 75.2% in the second quarter, selling 606,594 shares and retaining 199,672 shares valued at approximately $4.7 million. Institutional investors collectively own 98.52% of HST.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $24.52; Truist recently raised its target to $27 and maintained a buy rating.
• Host Hotels & Resorts reported quarterly EPS of $0.63, slightly exceeding estimates, while revenue rose 3.4% year over year to $1.64 billion. The stock opened at $22.24, within its 12-month range of $15.61 to $25.71.

Engineers Gate Manager LP trimmed its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 75.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 199,672 shares of the company's stock after selling 606,594 shares during the quarter. Engineers Gate Manager LP's holdings in Host Hotels & Resorts were worth $4,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HST. Zions Bancorporation National Association UT grew its position in Host Hotels & Resorts by 89.1% in the 4th quarter. Zions Bancorporation National Association UT now owns 1,658 shares of the company's stock valued at $29,000 after buying an additional 781 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth $29,000. SJS Investment Consulting Inc. lifted its stake in shares of Host Hotels & Resorts by 64.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company's stock worth $31,000 after acquiring an additional 641 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth $32,000. Finally, Cedar Mountain Advisors LLC purchased a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company's stock in a transaction 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 in the company, valued at $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HST has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a "buy" rating in a research note on Thursday. Cantor Fitzgerald lifted their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a report on Friday, June 12th. Weiss Ratings upgraded Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 14th. Finally, Raymond James Financial reissued an "outperform" rating and set a $27.00 target price on shares of Host Hotels & Resorts in a research note on Monday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.52.

Host Hotels & Resorts Stock Up 0.5%

HST stock opened at $22.24 on Friday. 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 company's 50 day simple moving average is $23.30 and its 200-day simple moving average is $22.13. 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 $15.24 billion, a PE ratio of 14.83, a P/E/G ratio of 2.51 and a beta of 1.07.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm 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 company's quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Equities analysts expect that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current fiscal year.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates lodging real estate. The company focuses on hotels in the luxury and upper-upscale segments, with properties generally located in high-demand urban, resort and convention markets.

Host Hotels & Resorts' portfolio includes hotels operated under well-known hospitality brands, including Marriott, Hyatt and Hilton, among others. The company typically owns the real estate while hotel operations are conducted by third-party or affiliated management companies.

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