Host Hotels & Resorts (NASDAQ:HST) Reaches New 12-Month High - Time to Buy?

Key Points

• Host Hotels & Resorts shares reached a new 52-week high of $25.87 and were recently trading near $25.68, above their 50-day and 200-day moving averages.
• Analysts hold a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $25.14; targets range from $24 to $27.
• The company reported quarterly EPS and revenue slightly above expectations, while maintaining a $0.20 quarterly dividend, equivalent to a 3.1% yield. Institutional investors own approximately 98.5% of the shares.

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) reached a new 52-week high on Thursday. The company traded as high as $25.87 and last traded at $25.6780, with a volume of 290,696 shares traded. The stock had previously closed at $25.27.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley raised their target price on Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Monday, October 12th. Evercore set a $26.00 target price on Host Hotels & Resorts in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a "neutral" rating in a report on Tuesday, July 21st. Barclays raised their target price on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 13th. Finally, Wells Fargo & Company increased their price objective on Host Hotels & Resorts from $26.00 to $27.00 and gave the company an "overweight" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $25.14.

Host Hotels & Resorts Price Performance

The company's 50-day moving average price is $22.86 and its 200-day moving average price is $21.84. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.77 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (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 for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company earned $0.58 EPS. Host Hotels & Resorts'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. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 2.19 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.1%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts's dividend payout ratio is currently 53.33%.

Insider Activity at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of Host Hotels & Resorts stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the transaction, the executive vice president directly owned 618,207 shares in the company, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Trading of Host Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Avail Investment Partners LLC raised its position in shares of Host Hotels & Resorts by 2.5% during the third quarter. Avail Investment Partners LLC now owns 19,299 shares of the company's stock worth $432,000 after purchasing an additional 471 shares during the period. CX Institutional lifted its position in shares of Host Hotels & Resorts by 4.1% in the 3rd quarter. CX Institutional now owns 12,067 shares of the company's stock valued at $270,000 after acquiring an additional 474 shares in the last quarter. VestGen Advisors LLC raised its position in Host Hotels & Resorts by 4.3% during the third quarter. VestGen Advisors LLC now owns 14,439 shares of the company's stock valued at $323,000 after buying an additional 601 shares during the period. Parkside Financial Bank & Trust lifted its position in shares of Host Hotels & Resorts by 14.6% in the second quarter. Parkside Financial Bank & Trust now owns 4,931 shares of the company's stock worth $117,000 after purchasing an additional 629 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its stake in shares of Host Hotels & Resorts by 64.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 1,632 shares of the company's stock valued at $31,000 after buying an additional 641 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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.