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

PNC Financial Services Group Inc. reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 4.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,965 shares of the company’s stock after selling 3,431 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Host Hotels & Resorts were worth $1,196,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. LSV Asset Management increased its position in shares of Host Hotels & Resorts by 11.7% during the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after purchasing an additional 965,100 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in Host Hotels & Resorts by 6.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 8,170,699 shares of the company’s stock valued at $146,909,000 after buying an additional 489,415 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Host Hotels & Resorts by 20.2% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after acquiring an additional 1,339,458 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Host Hotels & Resorts by 1.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,785,001 shares of the company’s stock worth $104,014,000 after acquiring an additional 63,669 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Host Hotels & Resorts by 2.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,768,029 shares of the company’s stock worth $66,317,000 after acquiring an additional 73,198 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Up 0.7 %

NASDAQ:HST opened at $18.43 on Thursday. The stock has a fifty day moving average price of $17.83 and a two-hundred day moving average price of $17.67. Host Hotels & Resorts, Inc. has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 1.67 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business earned $0.41 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Host Hotels & Resorts, Inc. will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 77.67%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HST shares. Robert W. Baird lowered their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Evercore ISI dropped their price objective on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Oppenheimer dropped their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.