PNC Financial Services Group Inc. Grows Stake in Host Hotels & Resorts, Inc. (NASDAQ:HST)

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

A number of other hedge funds and other institutional investors have also modified their holdings of HST. Oppenheimer Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 58.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 34,980 shares of the company’s stock worth $616,000 after acquiring an additional 12,859 shares during the last quarter. Metis Global Partners LLC increased its holdings in Host Hotels & Resorts by 21.2% in the third quarter. Metis Global Partners LLC now owns 94,892 shares of the company’s stock valued at $1,670,000 after buying an additional 16,627 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Host Hotels & Resorts by 8.1% in the third quarter. CIBC Asset Management Inc now owns 102,581 shares of the company’s stock valued at $1,805,000 after buying an additional 7,672 shares during the last quarter. Muzinich & Co. Inc. increased its holdings in Host Hotels & Resorts by 113.8% in the third quarter. Muzinich & Co. Inc. now owns 6,047 shares of the company’s stock valued at $106,000 after buying an additional 50,000 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Host Hotels & Resorts by 0.4% in the third quarter. Swiss National Bank now owns 2,091,679 shares of the company’s stock valued at $36,814,000 after buying an additional 8,700 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $14.91 on Monday. 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 stock has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $17.39. The company has a market cap of $10.42 billion, a PE ratio of 15.06 and a beta of 1.30. Host Hotels & Resorts, Inc. has a 12-month low of $14.47 and a 12-month high of $21.27.

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

Host Hotels & Resorts Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

About Host Hotels & Resorts

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.