NewEdge Advisors LLC Grows Stock Holdings in Host Hotels & Resorts, Inc. $HST

Key Points

• NewEdge Advisors increased its Host Hotels & Resorts stake by 75.3% in the first quarter, bringing its holdings to 167,691 shares valued at approximately $3.2 million. Institutional investors collectively own 98.52% of HST.
• Host Hotels & Resorts shares opened at $22.80, with a market capitalization of $15.62 billion and a 52-week range of $15.61 to $25.71.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $24.33; meanwhile, an executive sold 15,569 shares at an average price of $23.00.

NewEdge Advisors LLC lifted its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 75.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,691 shares of the company's stock after acquiring an additional 72,043 shares during the quarter. NewEdge Advisors LLC's holdings in Host Hotels & Resorts were worth $3,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HST. Waterloo Capital L.P. increased its stake in Host Hotels & Resorts by 543.6% during the 4th quarter. Waterloo Capital L.P. now owns 166,859 shares of the company's stock worth $2,958,000 after purchasing an additional 140,932 shares in the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $23,632,000. Convergence Investment Partners LLC acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $843,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Host Hotels & Resorts by 41.8% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,169,471 shares of the company's stock worth $38,465,000 after acquiring an additional 639,695 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Host Hotels & Resorts by 139.2% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 141,640 shares of the company's stock worth $2,511,000 after acquiring an additional 82,420 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $22.80 on Thursday. The stock has a market cap of $15.62 billion, a PE ratio of 15.20, a P/E/G ratio of 2.47 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 7.91 and a current ratio of 2.96. The firm has a 50-day moving average of $24.19 and a 200-day moving average of $21.67. Host Hotels & Resorts, Inc. has a 52-week low of $15.61 and a 52-week high of $25.71.

Insider Activity

In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total value of $358,087.00. Following the transaction, the executive vice president owned 682,089 shares of the company's stock, valued at approximately $15,688,047. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays lifted their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Host Hotels & Resorts from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. 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 report on Tuesday, May 26th. Cantor Fitzgerald increased their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Citigroup raised their price target on Host Hotels & Resorts from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.33.

About Host Hotels & Resorts

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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