Synovus Financial Corp Buys New Holdings in Host Hotels & Resorts, Inc. (HST)

Synovus Financial Corp bought a new position in shares of Host Hotels & Resorts, Inc. (NYSE:HST) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,196 shares of the real estate investment trust’s stock, valued at approximately $277,000.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Host Hotels & Resorts by 2.1% during the first quarter. Vanguard Group Inc. now owns 130,271,850 shares of the real estate investment trust’s stock worth $2,430,872,000 after purchasing an additional 2,703,678 shares in the last quarter. BlackRock Inc. raised its holdings in Host Hotels & Resorts by 2,288.8% during the first quarter. BlackRock Inc. now owns 73,468,578 shares of the real estate investment trust’s stock worth $1,370,925,000 after purchasing an additional 70,393,061 shares in the last quarter. State Street Corp raised its holdings in Host Hotels & Resorts by 2.8% during the first quarter. State Street Corp now owns 45,819,298 shares of the real estate investment trust’s stock worth $854,991,000 after purchasing an additional 1,259,363 shares in the last quarter. PGGM Investments raised its holdings in Host Hotels & Resorts by 2.4% during the second quarter. PGGM Investments now owns 12,701,000 shares of the real estate investment trust’s stock worth $232,047,000 after purchasing an additional 301,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Host Hotels & Resorts by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 10,166,435 shares of the real estate investment trust’s stock worth $189,703,000 after purchasing an additional 138,389 shares in the last quarter.

Host Hotels & Resorts, Inc. (NYSE:HST) opened at 18.15 on Friday. The firm’s 50-day moving average is $18.06 and its 200 day moving average is $18.24. Host Hotels & Resorts, Inc. has a 52-week low of $14.69 and a 52-week high of $20.21. The stock has a market capitalization of $13.43 billion, a PE ratio of 22.46 and a beta of 1.33.

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

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

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Several brokerages recently commented on HST. Boenning Scattergood reissued a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday. Zacks Investment Research raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Tuesday, July 4th. Finally, Barclays PLC reissued a “hold” rating and set a $20.00 target price on shares of Host Hotels & Resorts in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.33.

Host Hotels & Resorts Company Profile

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)

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