Host Hotels & Resorts (NASDAQ:HST) Reaches New 52-Week High - Here's Why

Key Points

• Host Hotels & Resorts hit a new 52-week high, with the stock trading as high as $24.78 after closing at $24.45 the prior session.
• Analysts have been raising price targets on HST, and the stock now carries a Moderate Buy consensus with an average target of $22.87.
• The company reported stronger-than-expected quarterly results, posting $0.67 EPS versus the $0.36 estimate and revenue of $1.65 billion, while also announcing a quarterly dividend of $0.20 per share.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $24.78 and last traded at $24.6850, with a volume of 2465304 shares traded. The stock had previously closed at $24.45.

Analysts Set New Price Targets

A number of analysts have recently issued reports on HST shares. Cantor Fitzgerald boosted their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Truist Financial boosted their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, May 26th. Citigroup upped their target price on Host Hotels & Resorts from $22.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. UBS Group raised their price objective on Host Hotels & Resorts from $20.00 to $23.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, LADENBURG THALM/SH SH started coverage on Host Hotels & Resorts in a report on Thursday, March 26th. They issued a "buy" rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $22.87.

Host Hotels & Resorts Price Performance

The company has a quick ratio of 7.91, a current ratio of 7.91 and a debt-to-equity ratio of 0.74. The company's 50-day moving average is $21.20 and its 200-day moving average is $19.54. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 16.81, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.36 by $0.31. Host Hotels & Resorts had a net margin of 16.40% and a return on equity of 15.15%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. Host Hotels & Resorts's revenue was up 3.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.100-2.16 EPS. Equities research analysts expect that Host Hotels & Resorts, Inc. will post 2.12 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.20 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.80 annualized dividend and a yield of 3.2%. Host Hotels & Resorts's dividend payout ratio is 54.42%.

Insider Buying and Selling

In related news, EVP Nathan S. Tyrrell sold 15,569 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The shares were 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 trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the business. SJS Investment Consulting Inc. grew its position in Host Hotels & Resorts by 64.7% in the first 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. Zions Bancorporation National Association UT raised its holdings 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 acquiring an additional 781 shares during the last quarter. Clearstead Advisors LLC grew its stake in shares of Host Hotels & Resorts by 79.6% during the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company's stock valued at $30,000 after buying an additional 786 shares during the period. Cedar Mountain Advisors LLC acquired a new position in Host Hotels & Resorts in the 1st quarter worth $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Host Hotels & Resorts during the second quarter worth about $29,000. Hedge funds and other institutional investors own 98.52% of the company's stock.

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.

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.