29,602 Host Hotels & Resorts, Inc. $HST Shares Sold by Ethic Inc.

Ethic Inc. lowered its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,233 shares of the company’s stock after selling 29,602 shares during the quarter. Ethic Inc.’s holdings in Host Hotels & Resorts were worth $3,386,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter valued at $50,000. Provenance Wealth Advisors LLC boosted its stake in Host Hotels & Resorts by 12,526.1% during the third quarter. Provenance Wealth Advisors LLC now owns 2,904 shares of the company’s stock worth $65,000 after acquiring an additional 2,881 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in 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 during the period. Meeder Asset Management Inc. acquired a new stake in Host Hotels & Resorts in the second quarter worth $129,000. Finally, Heritage Family Offices LLP acquired a new stake in Host Hotels & Resorts in the third quarter worth $135,000. Institutional investors own 98.52% of the company’s stock.

More Host Hotels & Resorts News

Here are the key news stories impacting Host Hotels & Resorts this week:

• Positive Sentiment: Zacks describes HST as a strong momentum stock, which may attract investors focused on recent price trends. Read the Zacks article
• Neutral Sentiment: Cantor Fitzgerald raised its price target from $24 to $27 but kept a neutral rating, signaling improved valuation expectations without an outright bullish recommendation.
• Neutral Sentiment: A report listed short interest at zero shares, indicating no reported short position to suggest meaningful short-covering demand; the figure may be subject to reporting limitations.
• Negative Sentiment: Several insiders reported selling shares. Director Mary Baglivo sold nearly all of her direct holdings, while EVP Sourav Ghosh and EVP Nathan Tyrrell also reduced their positions. Such sales can weigh on sentiment, although both executives retained substantial shareholdings. Read the insider-sale report

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the completion of the sale, the executive vice president directly owned 618,207 shares of the company’s stock, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sourav Ghosh sold 93,863 shares of the stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $24.76, for a total value of $2,324,047.88. Following the completion of the sale, the executive vice president directly owned 418,147 shares of the company’s stock, valued at approximately $10,353,319.72. This trade represents a 18.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 224,174 shares of company stock worth $5,472,826. Insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HST shares. Wells Fargo & Company lifted their price target on shares of Host Hotels & Resorts from $26.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, October 26th. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Cantor Fitzgerald raised their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday. Morgan Stanley raised their target price on Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their target price on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $25.55.

Host Hotels & Resorts Stock Up 2.6%

Shares of NASDAQ HST opened at $25.93 on Wednesday. The stock has a market capitalization of $17.77 billion, a P/E ratio of 18.93, a P/E/G ratio of 3.43 and a beta of 1.09. The company has a 50-day moving average price of $23.35 and a 200-day moving average price of $22.15. Host Hotels & Resorts, Inc. has a 1 year low of $16.77 and a 1 year high of $26.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.79 and a quick ratio of 2.96.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 4th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Host Hotels & Resorts had a net margin of 15.01% and a return on equity of 14.33%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 2.23 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.1%. Host Hotels & Resorts’s payout ratio is 58.39%.

Host Hotels & Resorts Profile

Host Hotels & Resorts is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts. Its properties serve business and leisure travelers and are located primarily in the United States, with additional properties in international markets. The company’s hotels are operated under a range of well-known brands, including Marriott, Hilton, Hyatt and Four Seasons. Host generally relies on brand companies and other third-party operators to manage its properties, while focusing on hotel ownership and real estate investment.