Oppenheimer Asset Management Inc. Acquires Shares of 60,162 Host Hotels & Resorts, Inc. $HST

Key Points

• Oppenheimer Asset Management acquired 60,162 shares of Host Hotels & Resorts in the second quarter, valued at approximately $1.43 million. Institutional investors and hedge funds collectively own 98.52% of the company.
• Host Hotels & Resorts shares opened at $22.90, compared with a 52-week range of $15.61 to $25.71. The company has a market capitalization of approximately $15.69 billion.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $24.33; targets in recent reports ranged from $23 to $27.

Oppenheimer Asset Management Inc. bought a new position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 60,162 shares of the company's stock, valued at approximately $1,426,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC acquired a new stake in shares of Host Hotels & Resorts during the second quarter valued at approximately $238,000. Tema ETFs LLC lifted its position in shares of Host Hotels & Resorts by 10.7% in the 2nd quarter. Tema ETFs LLC now owns 13,465 shares of the company's stock valued at $319,000 after acquiring an additional 1,305 shares in the last quarter. Czech National Bank boosted its stake in Host Hotels & Resorts by 4.1% in the 2nd quarter. Czech National Bank now owns 181,297 shares of the company's stock worth $4,299,000 after purchasing an additional 7,118 shares during the period. GAMMA Investing LLC boosted its stake in Host Hotels & Resorts by 8.4% in the 2nd quarter. GAMMA Investing LLC now owns 40,054 shares of the company's stock worth $950,000 after purchasing an additional 3,117 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Host Hotels & Resorts by 5.4% in the 1st quarter. Parallel Advisors LLC now owns 18,044 shares of the company's stock worth $346,000 after purchasing an additional 919 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of Host Hotels & Resorts stock in a transaction 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 completion of the sale, the executive vice president owned 682,089 shares of the company's stock, valued at $15,688,047. This trade represents a 2.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.50% of the stock is currently owned by insiders.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $22.90 on Monday. The company's 50 day moving average price is $24.12 and its 200 day moving average price is $21.73. Host Hotels & Resorts, Inc. has a 52 week low of $15.61 and a 52 week high of $25.71. The company has a market capitalization of $15.69 billion, a PE ratio of 15.27, a PEG ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HST shares. Weiss Ratings downgraded shares of Host Hotels & Resorts from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a research report on Friday, June 12th. UBS Group lifted their price target on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Citigroup lifted 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. Finally, Barclays upped their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

Host Hotels & Resorts 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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