Host Hotels & Resorts, Inc. (NASDAQ:HST) Position Increased by MML Investors Services LLC

MML Investors Services LLC increased its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 18.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,292 shares of the company’s stock after acquiring an additional 31,919 shares during the period. MML Investors Services LLC’s holdings in Host Hotels & Resorts were worth $3,543,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Host Hotels & Resorts by 23.1% during the third quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company’s stock valued at $10,668,000 after buying an additional 113,761 shares in the last quarter. Verition Fund Management LLC raised its holdings in Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after buying an additional 36,278 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Host Hotels & Resorts by 5.4% during the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company’s stock valued at $11,351,000 after buying an additional 32,586 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at about $540,000. Finally, Achmea Investment Management B.V. grew its position in shares of Host Hotels & Resorts by 15.6% in the second quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company’s stock valued at $4,651,000 after purchasing an additional 34,977 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

HST stock opened at $18.58 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.69. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The stock has a market capitalization of $12.99 billion, a PE ratio of 18.04 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last released its 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 return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $0.41 EPS. Host Hotels & Resorts’s revenue was up 8.6% on a year-over-year basis. Analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.31%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Wall Street Analysts Forecast Growth

HST has been the topic of several research analyst reports. UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company lifted their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $21.39.

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.