Principal Financial Group Inc. raised its position in shares of Host Hotels & Resorts, Inc. (NYSE:HST) by 96.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,642,232 shares of the real estate investment trust’s stock after buying an additional 4,738,572 shares during the period. Principal Financial Group Inc. owned about 1.30% of Host Hotels & Resorts worth $176,164,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HST. Motco boosted its stake in Host Hotels & Resorts by 0.6% in the second quarter. Motco now owns 11,969 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 71 shares during the period. Cleararc Capital Inc. boosted its stake in Host Hotels & Resorts by 0.6% in the first quarter. Cleararc Capital Inc. now owns 18,081 shares of the real estate investment trust’s stock worth $337,000 after buying an additional 103 shares during the period. Creative Planning boosted its stake in Host Hotels & Resorts by 1.8% in the first quarter. Creative Planning now owns 7,854 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 136 shares during the period. Keybank National Association OH boosted its stake in Host Hotels & Resorts by 0.4% in the first quarter. Keybank National Association OH now owns 80,171 shares of the real estate investment trust’s stock worth $1,496,000 after buying an additional 297 shares during the period. Finally, Meiji Yasuda Life Insurance Co boosted its stake in Host Hotels & Resorts by 1.7% in the first quarter. Meiji Yasuda Life Insurance Co now owns 24,370 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 400 shares during the period.

Shares of Host Hotels & Resorts, Inc. (HST) opened at 18.02 on Thursday. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 22.30 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 52 week low of $14.69 and a 52 week high of $20.21. The stock has a 50 day moving average price of $18.15 and a 200-day moving average price of $18.28.

Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Host Hotels & Resorts, Inc. will post $0.79 EPS for the current year.

TRADEMARK VIOLATION NOTICE: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/08/31/host-hotels-resorts-inc-hst-position-raised-by-principal-financial-group-inc.html.

A number of research firms have recently commented on HST. Royal Bank Of Canada restated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Barclays PLC restated a “hold” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. Host Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $18.19.

In other Host Hotels & Resorts news, EVP Joanne G. Hamilton sold 3,069 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $19.01, for a total transaction of $58,341.69. Following the sale, the executive vice president now directly owns 43,035 shares of the company’s stock, valued at approximately $818,095.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is owned by insiders.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

Receive News & Stock Ratings for Host Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts Inc. and related stocks with our FREE daily email newsletter.