LSV Asset Management Purchases 1,182,675 Shares of Host Hotels & Resorts, Inc. $HST

LSV Asset Management grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 13.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,838,575 shares of the company’s stock after acquiring an additional 1,182,675 shares during the period. LSV Asset Management’s holdings in Host Hotels & Resorts were worth $167,453,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in Host Hotels & Resorts in the second quarter valued at about $554,669,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Host Hotels & Resorts by 199.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company’s stock valued at $81,320,000 after purchasing an additional 3,523,534 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Host Hotels & Resorts by 86.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,607,714 shares of the company’s stock valued at $40,054,000 after purchasing an additional 1,209,989 shares in the last quarter. Sei Investments Co. grew its position in shares of Host Hotels & Resorts by 37.5% in the 2nd quarter. Sei Investments Co. now owns 4,174,451 shares of the company’s stock valued at $64,120,000 after purchasing an additional 1,137,654 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Host Hotels & Resorts by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company’s stock worth $74,027,000 after purchasing an additional 1,019,345 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nathan S. Tyrrell sold 9,086 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $18.47, for a total transaction of $167,818.42. Following the completion of the transaction, the executive vice president directly owned 659,841 shares in the company, valued at $12,187,263.27. This represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on HST shares. Morgan Stanley set a $18.00 price target on shares of Host Hotels & Resorts in a research note on Friday, January 16th. JPMorgan Chase & Co. increased their price objective on shares of Host Hotels & Resorts from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. UBS Group set a $21.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday, December 29th. Finally, Robert W. Baird set a $20.00 target price on Host Hotels & Resorts in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.32.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $19.96 on Thursday. The firm’s 50 day moving average is $18.44 and its 200-day moving average is $17.39. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $13.73 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $20.14.

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. This represents a yield of 85.0%. The ex-dividend date was Wednesday, December 31st. Host Hotels & Resorts’s payout ratio is presently 76.19%.

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.