The Vanguard Group, Inc. recently announced the acquisition of new stake in Host Hotels & Resorts Inc. (NASDAQ:HST). The institutional investor has increased its shareholding in the Real Estate company by 2.65% to 115.13 million shares with purchase of 2.98 million shares. This fresh investment now brings its stake to 16.11% valued currently at $2.17 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.42 million to 48.37 million shares. And Wellington Management Co. LLP has lifted its position by 6.67% or 1.59 million shares – to 25.4 million shares.
With over 5.86 million Host Hotels & Resorts Inc. (HST) shares trading Tuesday and a closing price of $18.66 on the day, the dollar volume was approximately $109.44 million. The shares have shown a negative half year performance of -6.65% and its price on 11/29/22 gained nearly 2.53%. Currently, there are 714.90M common shares owned by the public and among those 706.78M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 19 analysts who have offered their price forecasts for HST have a consensus price objective of $21.44. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $16.00. The average price target is 12.97% above its recent price level and a downside to the estimated low will see the stock lose -16.62% over that period. But an upside of 25.36% will see the stock hit the forecast high price target while median target price for the stock is $22.00.
Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 611,260 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 174,065 shares.
The top 3 mutual fund holders in Host Hotels & Resorts Inc. are Vanguard Real Estate Index Fund, Government Pension Fund – Global, and Vanguard Total Stock Market Index. Vanguard Real Estate Index Fund owns 32.4 million shares of the company’s stock, all valued at over $611.72 million. The company sold -0.13 million shares recently to bring their total holdings to about 4.53% of the shares outstanding. Government Pension Fund – Global bought 13.0 million shares to see its total holdings expand to 24.12 million shares valued at over $455.35 million and representing 3.37% of the shares outstanding. Vanguard Total Stock Market Index bought 0.1 million shares to bring its total holdings to over 21.43 million shares at a value of $404.62 million. Vanguard Total Stock Market Index now owns shares totaling to 3.00% of the shares outstanding.
However, the script later moved the day high at 18.73, up 2.53%. The company’s stock has a 5-day price change of 2.70% and 4.42% over the past three months. HST shares are trading 7.30% year to date (YTD), with the 12-month market performance up to 13.64% higher. It has a 12-month low price of $15.10 and touched a high of $21.63 over the same period. HST has an average intraday trading volume of 7.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.49%, 7.35%, and 2.81% respectively.
Institutional ownership of Host Hotels & Resorts Inc. (NASDAQ: HST) 714.90M shares outstanding. Mutual fund holders own 41.63%, while other institutional holders and individual stakeholders account for 62.19% and 1.83% respectively.
It has a market capitalization of $13.53B and a beta (3y monthly) value of 1.26. The stock’s trailing 12-month PE ratio is 16.59, while the earnings-per-share (ttm) stands at $1.12. The company has a PEG of 0.58 and the debt-to-equity ratio at 0.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 3.10% over the month.
Analysts forecast that Host Hotels & Resorts Inc. (HST) will achieve an EPS of $0.17 for the current quarter, $0.19 for the next quarter and $0.88 for 2023. The lowest estimate earnings-per-share for the quarter is $0.12 while analysts give the company a high EPS estimate of $0.24. Comparatively, EPS for the current quarter was -$0.17 a year ago. Earnings per share for the fiscal year are expected to increase by 98.40%, and 7.13% over the next financial year. EPS should grow at an annualized rate of 28.40% over the next five years, compared to -15.10% over the past 5-year period.
Looking at the support for the HST, a number of firms have released research notes about the stock. Oppenheimer stated their Perform rating for the stock in a research note on September 15, 2022, with the firm’s price target at $21. Wells Fargo coverage for the Host Hotels & Resorts Inc. (HST) stock in a research note released on August 29, 2022 offered a Overweight rating with a price target of $21. Evercore ISI was of a view on July 11, 2022 that the stock is Outperform, while Jefferies gave the stock Buy rating on March 30, 2022, issuing a price target of $20- $25. Raymond James on their part issued Outperform rating on March 16, 2022.