Man Group plc Takes $37 Million Position in Host Hotels & Resorts, Inc. $HST

Man Group plc bought a new position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 1,560,479 shares of the company's stock, valued at approximately $36,999,000. Man Group plc owned 0.23% of Host Hotels & Resorts as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jupiter Topco LLC acquired a new position in Host Hotels & Resorts during the second quarter valued at approximately $7,297,000. Hsbc Holdings PLC acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth $86,681,000. Canada Pension Plan Investment Board acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth $9,659,000. Legal & General Group Plc purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $109,193,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $10,987,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Insider Activity at Host Hotels & Resorts

In related news, EVP Nathan S. Tyrrell sold 63,882 shares of the stock in a transaction dated 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 transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $22.43 on Thursday. The company has a market capitalization of $15.37 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. The firm has a fifty day simple moving average of $23.87 and a 200-day simple moving average of $21.96. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. Host Hotels & Resorts, Inc. has a twelve month low of $15.61 and a twelve month high of $25.71.

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 the consensus estimate of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm's quarterly revenue was up 3.4% on a year-over-year basis. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $27.00 price target on shares of Host Hotels & Resorts in a research report on Monday, June 8th. BMO Capital Markets reissued an "outperform" rating and issued a $27.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, June 12th. LADENBURG THALM/SH SH boosted their price objective on Host Hotels & Resorts from $25.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Truist Financial upped their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, May 26th. Finally, UBS Group increased their target price on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday, June 2nd. One equities 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 stock. According to MarketBeat.com, the company presently has an average 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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