Principal Financial Group Inc. Lowers Stock Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Principal Financial Group Inc. trimmed its holdings in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 8.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,048,090 shares of the company's stock after selling 180,346 shares during the period. Principal Financial Group Inc. owned approximately 0.29% of Host Hotels & Resorts worth $36,046,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Host Hotels & Resorts by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company's stock valued at $414,000 after buying an additional 5,124 shares during the period. Duality Advisers LP bought a new position in shares of Host Hotels & Resorts in the 1st quarter worth about $205,000. Envestnet Portfolio Solutions Inc. grew its stake in Host Hotels & Resorts by 35.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 40,243 shares of the company's stock valued at $832,000 after purchasing an additional 10,448 shares during the period. Quantbot Technologies LP purchased a new stake in Host Hotels & Resorts during the first quarter valued at about $749,000. Finally, Empowered Funds LLC increased its position in shares of Host Hotels & Resorts by 14.6% in the first quarter. Empowered Funds LLC now owns 41,347 shares of the company's stock worth $855,000 after purchasing an additional 5,280 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of research reports. Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Truist Financial cut their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Robert W. Baird cut their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "neutral" rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Friday, July 19th. Finally, Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $21.29.

Host Hotels & Resorts Trading Down 0.4 %

Shares of NASDAQ HST traded down $0.07 during midday trading on Tuesday, reaching $17.99. The stock had a trading volume of 7,717,212 shares, compared to its average volume of 6,799,788. Host Hotels & Resorts, Inc. has a twelve month low of $15.71 and a twelve month high of $21.31. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.64 and a beta of 1.32. The company's 50 day moving average price is $17.66 and its 200 day moving average price is $17.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Host Hotels & Resorts, Inc. will post 1.93 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.45%. Host Hotels & Resorts's payout ratio is 77.67%.

Host Hotels & Resorts Profile

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.