Host Hotels and Resorts Inc (NYSE:HST) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in Host Hotels and Resorts Inc (NYSE:HST) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,456 shares of the real estate investment trust’s stock after […]

PNC Financial Services Group Inc. raised its stake in Host Hotels and Resorts Inc (NYSE:HST) by 13.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,456 shares of the real estate investment trust’s stock after buying an additional 7,289 shares during the period. PNC Financial Services Group Inc.’s holdings in Host Hotels and Resorts were worth $675,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Synovus Financial Corp increased its holdings in Host Hotels and Resorts by 2.9% in the second quarter. Synovus Financial Corp now owns 33,718 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 948 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its holdings in Host Hotels and Resorts by 0.4% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 287,629 shares of the real estate investment trust’s stock valued at $3,104,000 after buying an additional 1,177 shares in the last quarter. IFP Advisors Inc increased its holdings in Host Hotels and Resorts by 23.0% in the second quarter. IFP Advisors Inc now owns 7,728 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 1,447 shares in the last quarter. Altavista Wealth Management Inc. increased its holdings in Host Hotels and Resorts by 8.5% in the first quarter. Altavista Wealth Management Inc. now owns 20,042 shares of the real estate investment trust’s stock valued at $221,000 after buying an additional 1,564 shares in the last quarter. Finally, Cigna Investments Inc. New increased its holdings in Host Hotels and Resorts by 8.7% in the second quarter. Cigna Investments Inc. New now owns 21,990 shares of the real estate investment trust’s stock valued at $237,000 after buying an additional 1,760 shares in the last quarter. 96.21% of the stock is owned by institutional investors.

HST has been the subject of a number of research analyst reports. Raymond James dropped their target price on shares of Host Hotels and Resorts from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Tuesday, July 14th. Royal Bank of Canada dropped their price objective on shares of Host Hotels and Resorts from $13.00 to $12.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 8th. TheStreet cut shares of Host Hotels and Resorts from a “c” rating to a “d+” rating in a research note on Thursday, July 30th. Morgan Stanley raised shares of Host Hotels and Resorts from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $9.00 to $10.00 in a research note on Wednesday, July 29th. Finally, SunTrust Banks cut shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. Host Hotels and Resorts currently has a consensus rating of “Hold” and a consensus price target of $13.03.

HST stock opened at $10.64 on Monday. The stock has a market capitalization of $7.50 billion, a P/E ratio of 88.67 and a beta of 1.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 23.29 and a current ratio of 23.29. Host Hotels and Resorts Inc has a one year low of $7.86 and a one year high of $18.90. The company has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $11.28.

Host Hotels and Resorts (NYSE:HST) last released its earnings results on Thursday, July 30th. The real estate investment trust reported ($0.50) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.25). The firm had revenue of $103.00 million during the quarter, compared to analysts’ expectations of $102.34 million. Host Hotels and Resorts had a return on equity of 1.30% and a net margin of 2.48%. Research analysts forecast that Host Hotels and Resorts Inc will post -0.3 earnings per share for the current fiscal year.

About Host Hotels and Resorts

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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