Synovus Financial Corp Grows Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Synovus Financial Corp grew its stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 8.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,822 shares of the company’s stock after acquiring an additional 2,929 shares during the quarter. Synovus Financial Corp’s holdings in Host Hotels & Resorts were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HST. Vantage Consulting Group Inc purchased a new position in Host Hotels & Resorts during the fourth quarter worth $53,000. Ellevest Inc. increased its position in Host Hotels & Resorts by 224.7% during the fourth quarter. Ellevest Inc. now owns 5,198 shares of the company’s stock worth $76,000 after buying an additional 3,597 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Host Hotels & Resorts during the first quarter worth $115,000. Maryland State Retirement & Pension System purchased a new position in Host Hotels & Resorts during the fourth quarter worth $156,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Host Hotels & Resorts by 31.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 9,733 shares of the company’s stock worth $164,000 after buying an additional 2,326 shares in the last quarter. 95.36% of the stock is owned by institutional investors.

Shares of HST opened at $18.01 on Friday. The stock’s 50-day moving average is $17.40. The firm has a market capitalization of $12.72 billion, a PE ratio of -14.41 and a beta of 1.40. Host Hotels & Resorts, Inc. has a 12 month low of $10.04 and a 12 month high of $18.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 26.76 and a current ratio of 26.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Tuesday, May 4th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.16. The company had revenue of $399.00 million for the quarter, compared to analysts’ expectations of $319.14 million. Host Hotels & Resorts had a negative return on equity of 13.76% and a negative net margin of 91.11%. The firm’s quarterly revenue was down 62.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. As a group, analysts predict that Host Hotels & Resorts, Inc. will post 0.2 EPS for the current year.

In related news, Director Walter C. Rakowich sold 3,300 shares of the business’s stock in a transaction dated Friday, May 21st. The stock was sold at an average price of $16.83, for a total value of $55,539.00. Insiders own 1.20% of the company’s stock.

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, February 22nd. BTIG Research lifted their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, March 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Host Hotels & Resorts in a research report on Monday, March 1st. Barclays lifted their price objective on Host Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, March 18th. Finally, Morgan Stanley lifted their price objective on Host Hotels & Resorts from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Monday, May 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Host Hotels & Resorts has an average rating of “Hold” and an average price target of $15.66.

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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

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