CIBC Asset Management Inc Buys 55,633 Shares of Host Hotels & Resorts, Inc. $HST

CIBC Asset Management Inc grew its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 63.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 143,977 shares of the company’s stock after acquiring an additional 55,633 shares during the period. CIBC Asset Management Inc’s holdings in Host Hotels & Resorts were worth $2,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Host Hotels & Resorts by 12.6% during the fourth quarter. Bank of New York Mellon Corp now owns 5,979,458 shares of the company’s stock worth $106,016,000 after acquiring an additional 669,946 shares during the period. Natixis Advisors LLC increased its holdings in Host Hotels & Resorts by 88.3% in the 4th quarter. Natixis Advisors LLC now owns 625,535 shares of the company’s stock valued at $11,091,000 after buying an additional 293,370 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its holdings in Host Hotels & Resorts by 41.8% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,169,471 shares of the company’s stock valued at $38,465,000 after buying an additional 639,695 shares during the period. Waterloo Capital L.P. increased its holdings in Host Hotels & Resorts by 543.6% in the 4th quarter. Waterloo Capital L.P. now owns 166,859 shares of the company’s stock valued at $2,958,000 after buying an additional 140,932 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Host Hotels & Resorts by 3.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 985,608 shares of the company’s stock valued at $17,475,000 after buying an additional 32,219 shares during the period. 98.52% of the stock is owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $24.62 on Monday. The stock has a market cap of $16.86 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.80 and a beta of 1.10. Host Hotels & Resorts, Inc. has a 1-year low of $15.07 and a 1-year high of $24.78. The company has a current ratio of 7.91, a quick ratio of 7.91 and a debt-to-equity ratio of 0.74. The stock has a 50-day moving average of $21.31 and a 200-day moving average of $19.59.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.31. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.59 billion. Host Hotels & Resorts had a net margin of 16.40% and a return on equity of 15.15%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.100-2.16 EPS. On average, equities research analysts forecast that Host Hotels & Resorts, Inc. will post 2.12 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, June 30th. Host Hotels & Resorts’s payout ratio is presently 54.42%.

Insider Activity

In related news, EVP Nathan S. Tyrrell sold 58,579 shares of the business’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $22.00, for a total transaction of $1,288,738.00. Following the transaction, the executive vice president owned 697,658 shares in the company, valued at $15,348,476. The trade was a 7.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HST shares. Cantor Fitzgerald raised their target price on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Morgan Stanley raised their price target on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Host Hotels & Resorts from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Finally, LADENBURG THALM/SH SH started coverage on shares of Host Hotels & Resorts in a research note on Thursday, March 26th. They issued a “buy” rating and a $23.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.87.

Host Hotels & Resorts Company 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.