PNC Financial Services Group Inc. Sells 4,448 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

PNC Financial Services Group Inc. decreased its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,287 shares of the company’s stock after selling 4,448 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Host Hotels & Resorts were worth $970,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. NBC Securities Inc. raised its holdings in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after acquiring an additional 1,852 shares in the last quarter. Versant Capital Management Inc raised its holdings in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after acquiring an additional 2,047 shares in the last quarter. IFP Advisors Inc raised its holdings in Host Hotels & Resorts by 28.4% in the 1st quarter. IFP Advisors Inc now owns 3,648 shares of the company’s stock valued at $52,000 after acquiring an additional 807 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Host Hotels & Resorts by 80.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,287 shares of the company’s stock valued at $62,000 after acquiring an additional 1,906 shares in the last quarter. Finally, Rossby Financial LCC acquired a new position in Host Hotels & Resorts in the 1st quarter valued at approximately $66,000. Institutional investors own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a “neutral” rating and a $16.00 target price for the company. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Finally, Evercore ISI increased their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Hold” and a consensus target price of $17.88.

Host Hotels & Resorts Trading Down 0.3%

HST stock opened at $15.31 on Tuesday. The business has a fifty day moving average price of $15.90 and a 200 day moving average price of $15.40. Host Hotels & Resorts, Inc. has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The stock has a market capitalization of $10.53 billion, a price-to-earnings ratio of 16.29 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Monday, June 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 85.11%.

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.