PNC Financial Services Group Inc. boosted its stake in Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) 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
Get Our Latest Stock Analysis on Host Hotels & Resorts
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.
See Also
- Five stocks we like better than Host Hotels & Resorts
- What Are Dividend Contenders? Investing in Dividend Contenders
- McDonald’s Stock: Balancing Value and Innovation
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- MarketBeat Week in Review – 6/17 – 6/21
- Conference Calls and Individual Investors
- Sarepta Therapeutics Stock Soars on FDA Approval
Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.