Host Hotels & Resorts, Inc. (NASDAQ:HST) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,735 shares of the company’s stock after acquiring an additional 4,770 shares during the period. PNC Financial Services Group Inc.’s holdings in Host Hotels & Resorts were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Freedom Investment Management Inc. lifted its stake in Host Hotels & Resorts by 3.0% in the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock valued at $380,000 after buying an additional 625 shares in the last quarter. Savant Capital LLC lifted its stake in Host Hotels & Resorts by 2.7% in the 4th quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after buying an additional 634 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock valued at $1,297,000 after buying an additional 746 shares in the last quarter. Ieq Capital LLC lifted its stake in Host Hotels & Resorts by 7.3% in the 4th quarter. Ieq Capital LLC now owns 13,281 shares of the company’s stock valued at $233,000 after buying an additional 899 shares in the last quarter. Finally, Meridian Financial Partners LLC lifted its stake in Host Hotels & Resorts by 1.3% in the 4th quarter. Meridian Financial Partners LLC now owns 77,830 shares of the company’s stock valued at $1,364,000 after buying an additional 977 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of Host Hotels & Resorts stock opened at $14.91 on Monday. Host Hotels & Resorts, Inc. has a twelve month low of $14.47 and a twelve month high of $21.27. The stock has a market capitalization of $10.42 billion, a P/E ratio of 15.06 and a beta of 1.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $16.52 and its 200 day moving average price is $17.39.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 5.37%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. UBS Group reduced their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Raymond James reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.21.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.