OVERSEA CHINESE BANKING Corp Ltd Acquires Shares of 75,520 Host Hotels & Resorts, Inc. $HST

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,520 shares of the company's stock, valued at approximately $1,791,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Host Hotels & Resorts during the 2nd quarter valued at about $2,096,191,000. Norges Bank purchased a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $628,014,000. Deutsche Bank AG purchased a new stake in Host Hotels & Resorts in the 2nd quarter worth approximately $296,560,000. SG Americas Securities LLC grew its position in shares of Host Hotels & Resorts by 251.9% in the 1st quarter. SG Americas Securities LLC now owns 13,755,486 shares of the company's stock worth $263,555,000 after buying an additional 9,846,104 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $143,770,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Down 0.3%

HST stock opened at $23.09 on Friday. 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 market capitalization of $15.82 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10. The business's 50 day moving average price is $24.02 and its two-hundred day moving average price is $21.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.01. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%.The company had revenue of $1.64 billion during the quarter, compared to analysts' expectations of $1.62 billion. During the same quarter last year, the business posted $0.58 EPS. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 2.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Argus set a $27.00 target price on Host Hotels & Resorts in a report on Wednesday, June 17th. Stifel Nicolaus set a $26.25 price target on shares of Host Hotels & Resorts in a report on Thursday, June 4th. UBS Group lifted their price target on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the company a "neutral" rating in a report on Tuesday, June 2nd. Barclays boosted their price objective on shares of 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. Finally, Weiss Ratings upgraded shares of Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.33.

Insider Buying and Selling

In other Host Hotels & Resorts news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $23.00, for a total transaction of $358,087.00. Following the completion of the transaction, the executive vice president owned 682,089 shares of the company's stock, 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 filing with the SEC, which can be accessed through this link. Corporate insiders own 1.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source