Wellington Management Co. LLP has recently announced that it has increased stake in Host Hotels & Resorts Inc (NASDAQ:HST) by 15.43%. After grabbing 50.28 million shares, the institutional investor is now in possession of 6.72 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 7.13% having worth around $878.31 million. Moreover, BlackRock Fund Advisors increased its share by 1.15 million to have a control over 48.99 million shares. And Norges Bank Investment Management raised its holdings to 0.68 million shares by acquiring 25.56 million shares or 3.62% of the stake.
Host Hotels & Resorts Inc (HST) concluded trading on 01/03/24 at a closing price of $19.56, with 7.0 million shares of worth about $136.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.28% during that period and on Wednesday the price saw a loss of about -0.71%. Currently the company’s common shares owned by public are about 713.40M shares, out of which, 697.09M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 23 analysts are covering the HST stock and their offered price forecasts bring an average price target of $20.70. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $24.00 and could fall to a lowest price of $15.00. The stock’s current price level is 3.88% above of average price target set by the analysts, while a rise to estimated low would result in loss of -30.4% for the stock. However, touching the estimated high of $24.00 would mean a gain of 18.5% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 34 times over the past 12 months. They bought 772,051 shares in 15 of the transactions. In 19 selling transactions, insiders dumped 158,565 shares.
Vanguard Real Estate Index Fund, Government Pension Fund – Global, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Host Hotels & Resorts Inc Vanguard Real Estate Index Fund is currently holding 29.31 million shares of worth totaling $512.09 million. The company recently came selling -0.22 million shares which brought its stake up to 4.16% of the company’s outstanding shares. Government Pension Fund – Global bought 1.27 million shares, after which its hold over company’s outstanding shares expand to 3.60%, leaving 25.39 million shares with the mutual fund that have a worth of about $443.54 million. Vanguard Total Stock Market ETF, after buying 22.31 million shares, have now control over 3.16% of the stake in the company. It holds 25517.0 shares of worth $389.75 million.
Host Hotels & Resorts Inc (NASDAQ: HST) started trading at $19.50, below -$0.2 from concluding price of the previous day. However, the stock later moved at a day high price of 19.69, or with a loss of -0.71%. Stock saw a price change of -1.51% in past 5 days and over the past one month there was a price change of 11.77%. Year-to-date (YTD), HST shares are showing a performance of 0.46% which increased to 23.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.33 but also hit the highest price of $19.96 during that period. The average intraday trading volume for Host Hotels & Resorts Inc shares is 6.75 million. The stock is currently trading 4.17% above its 20-day simple moving average (SMA20), while that difference is up 12.91% for SMA50 and it goes to 17.90% higher than SMA200.
Wellington Management Co. LLP acquired 50.28 million shares of Host Hotels & Resorts Inc having value of about $878.31 million. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 6.72 million shares in the company valued at close to $131434945.68, or have control over 15.43% stake in the company. Host Hotels & Resorts Inc (NASDAQ: HST) currently have 713.40M outstanding shares and institutions hold larger chunk of about 103.10% of that. Holding of mutual funds in the company is about 39.90% while other institutional holders and individual stake holders have control over 64.19% and 1.93% of the stake respectively.
The stock has a current market capitalization of $13.80B and its 3Y-monthly beta is at 1.32. PE ratio of stock for trailing 12 months is 18.51, while it has posted earnings per share of $1.06 in the same period. Its PEG reads 0.65 while making debt-to-equity ratio of 0.70. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HST, volatility over the week remained 1.47% while standing at 2.07% over the month.
Analysts are in expectations that Host Hotels & Resorts Inc (HST) stock would likely to be making an EPS of $0.19 in the current quarter, while forecast for next quarter EPS is $0.28 and it is $0.92 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.16 which is $0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 17.67% while it is estimated to decrease by -10.14% in next year. EPS is likely to grow at an annualized rate of 28.40% for next 5-years, compared to annual growth of 2.94% made by the stock over the past 5-years.
Analysts at 23 brokerage firms have issued recommendations for the Host Hotels & Resorts Inc (HST)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.87. Out of those 23 Wall Street analysts, 13 recommended a “Buy” rating, while 5 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on December 14, 2023 offering a Neutral rating for the stock and assigned a target price of $15 to it.
