Principal Financial Group Inc. Has $25.64 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Principal Financial Group Inc. increased its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,804,422 shares of the company's stock after buying an additional 19,929 shares during the quarter. Principal Financial Group Inc. owned about 0.26% of Host Hotels & Resorts worth $25,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Resonant Capital Advisors LLC increased its holdings in Host Hotels & Resorts by 5.2% in the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock valued at $220,000 after purchasing an additional 760 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Host Hotels & Resorts in the first quarter worth about $1,453,000. Rossby Financial LCC acquired a new position in Host Hotels & Resorts in the first quarter worth about $66,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Host Hotels & Resorts by 4.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 219,961 shares of the company's stock worth $3,126,000 after purchasing an additional 8,412 shares in the last quarter. Finally, Impact Investors Inc lifted its holdings in Host Hotels & Resorts by 1.3% in the first quarter. Impact Investors Inc now owns 59,112 shares of the company's stock worth $840,000 after acquiring an additional 773 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HST shares. Morgan Stanley cut their target price on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 target price on the stock. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of "Hold" and an average price target of $17.96.

Host Hotels & Resorts Stock Up 2.7%

Shares of HST stock traded up $0.43 on Thursday, reaching $16.58. 9,509,458 shares of the company's stock traded hands, compared to its average volume of 8,791,986. Host Hotels & Resorts, Inc. has a 12-month low of $12.22 and a 12-month high of $19.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market capitalization of $11.50 billion, a P/E ratio of 17.27 and a beta of 1.31. The business's 50 day moving average price is $15.51 and its two-hundred day moving average price is $15.64.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. Host Hotels & Resorts's revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.83%. Host Hotels & Resorts's dividend payout ratio is 83.33%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.