Envestnet Asset Management Inc. Acquires 32,017 Shares of Host Hotels & Resorts, Inc. $HST

Envestnet Asset Management Inc. increased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 823,940 shares of the company’s stock after buying an additional 32,017 shares during the quarter. Envestnet Asset Management Inc. owned 0.12% of Host Hotels & Resorts worth $14,023,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new position in shares of Host Hotels & Resorts in the second quarter worth about $29,000. MUFG Securities EMEA plc acquired a new position in Host Hotels & Resorts during the 2nd quarter worth approximately $32,000. Mather Group LLC. acquired a new position in Host Hotels & Resorts during the 3rd quarter worth approximately $35,000. Sentry Investment Management LLC bought a new position in Host Hotels & Resorts in the 2nd quarter valued at approximately $37,000. Finally, True Wealth Design LLC boosted its position in Host Hotels & Resorts by 207.2% in the third quarter. True Wealth Design LLC now owns 2,378 shares of the company’s stock valued at $40,000 after buying an additional 1,604 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Insider Transactions at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 11,954 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $18.15, for a total transaction of $216,965.10. Following the completion of the sale, the executive vice president owned 668,927 shares of the company’s stock, valued at $12,141,025.05. This trade represents a 1.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.40% of the company’s stock.

Host Hotels & Resorts Stock Up 1.8%

Shares of NASDAQ HST opened at $19.89 on Tuesday. The company’s 50 day moving average price is $18.60 and its 200-day moving average price is $17.47. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. Host Hotels & Resorts, Inc. has a 52-week low of $12.22 and a 52-week high of $20.33. The company has a market capitalization of $13.68 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a yield of 85.0%. Host Hotels & Resorts’s payout ratio is 76.19%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HST shares. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the company from $18.00 to $22.00 in a research note on Friday, November 7th. Evercore cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 target price for the company. in a report on Tuesday, November 11th. UBS Group set a $21.00 target price on Host Hotels & Resorts in a research report on Friday, January 9th. Truist Financial raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Friday, January 9th. Finally, Robert W. Baird set a $20.00 price objective on Host Hotels & Resorts in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.32.

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.