PNC Financial Services Group Inc. Sells 7,557 Shares of Host Hotels & Resorts, Inc. (HST)

PNC Financial Services Group Inc. decreased its holdings in Host Hotels & Resorts, Inc. (NYSE:HST) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 52,271 shares of the real estate investment trust’s stock after selling 7,557 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Host Hotels & Resorts were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of HST. BlackRock Inc. grew its position in Host Hotels & Resorts by 2,288.8% in the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock worth $1,370,925,000 after buying an additional 70,393,061 shares during the last quarter. Principal Financial Group Inc. grew its position in Host Hotels & Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock worth $176,164,000 after buying an additional 4,738,572 shares during the last quarter. Vanguard Group Inc. grew its position in Host Hotels & Resorts by 2.1% in the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock worth $2,430,872,000 after buying an additional 2,703,678 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Host Hotels & Resorts in the first quarter worth approximately $34,399,000. Finally, LSV Asset Management grew its position in Host Hotels & Resorts by 90.5% in the second quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock worth $52,095,000 after buying an additional 1,354,500 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This piece was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/pnc-financial-services-group-inc-sells-7557-shares-of-host-hotels-resorts-inc-hst.html.

Several research analysts have issued reports on HST shares. BidaskClub upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 4th. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 8th. Barclays PLC reiterated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.55.

Host Hotels & Resorts, Inc. (NYSE HST) opened at 18.39 on Tuesday. The stock’s 50 day moving average is $18.13 and its 200 day moving average is $18.27. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21. The stock has a market capitalization of $13.61 billion, a PE ratio of 22.76 and a beta of 1.33.

Host Hotels & Resorts (NYSE:HST) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Analysts forecast that Host Hotels & Resorts, Inc. will post $0.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annuali

A number of other institutional investors have also bought and sold shares of HST. BlackRock Inc. grew its position in Host Hotels & Resorts by 2,288.8% in the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock worth $1,370,925,000 after buying an additional 70,393,061 shares during the last quarter. Principal Financial Group Inc. grew its position in Host Hotels & Resorts by 96.6% in the second quarter. Principal Financial Group Inc. now owns 9,642,232 shares of the real estate investment trust’s stock worth $176,164,000 after buying an additional 4,738,572 shares during the last quarter. Vanguard Group Inc. grew its position in Host Hotels & Resorts by 2.1% in the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock worth $2,430,872,000 after buying an additional 2,703,678 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Host Hotels & Resorts in the first quarter worth approximately $34,399,000. Finally, LSV Asset Management grew its position in Host Hotels & Resorts by 90.5% in the second quarter. LSV Asset Management now owns 2,851,400 shares of the real estate investment trust’s stock worth $52,095,000 after buying an additional 1,354,500 shares during the last quarter.

TRADEMARK VIOLATION WARNING: This piece was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://ledgergazette.com/2017/10/10/pnc-financial-services-group-inc-sells-7557-shares-of-host-hotels-resorts-inc-hst.html.

Several research analysts have issued reports on HST shares. BidaskClub upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 4th. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 8th. Barclays PLC reiterated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. Finally, Boenning Scattergood reiterated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.55.

Host Hotels & Resorts, Inc. (NYSE HST) opened at 18.39 on Tuesday. The stock’s 50 day moving average is $18.13 and its 200 day moving average is $18.27. Host Hotels & Resorts, Inc. has a 12-month low of $14.69 and a 12-month high of $20.21. The stock has a market capitalization of $13.61 billion, a PE ratio of 22.76 and a beta of 1.33.

Host Hotels & Resorts (NYSE:HST) last released its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. Analysts forecast that Host Hotels & Resorts, Inc. will post $0.78 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Thursday, September 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

Want to see what other hedge funds are holding HST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Host Hotels & Resorts, Inc. (NYSE:HST).

Institutional Ownership by Quarter for Host Hotels & Resorts (NYSE:HST)

Receive News & Ratings for Host Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply