PNC Financial Services Group Inc. Has $1.40 Million Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

PNC Financial Services Group Inc. boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,777 shares of the company’s stock after buying an additional 7,075 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Host Hotels & Resorts were worth $1,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. CVA Family Office LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $26,000. Parkside Financial Bank & Trust grew its stake in shares of Host Hotels & Resorts by 57.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock valued at $28,000 after buying an additional 639 shares in the last quarter. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at approximately $40,000. Private Trust Co. NA grew its stake in shares of Host Hotels & Resorts by 186.1% in the 4th quarter. Private Trust Co. NA now owns 2,363 shares of the company’s stock valued at $46,000 after buying an additional 1,537 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Host Hotels & Resorts by 222.4% in the 4th quarter. Signaturefd LLC now owns 2,463 shares of the company’s stock valued at $48,000 after buying an additional 1,699 shares in the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the transaction, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HST shares. UBS Group decreased their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research report on Thursday, May 30th. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Truist Financial reduced their price objective on Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, Barclays reduced their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $21.36.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock opened at $18.33 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 6.66 and a quick ratio of 6.66. The stock has a fifty day moving average price of $18.43 and a two-hundred day moving average price of $19.39. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31. The firm has a market capitalization of $12.92 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.58 and a beta of 1.31.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, June 28th. This represents a $0.80 annualized dividend and a yield of 4.36%. Host Hotels & Resorts’s dividend payout ratio is currently 78.43%.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.