Miller Howard Investments Inc. NY Has $39.55 Million Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Miller Howard Investments Inc. NY lessened its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,257,540 shares of the company’s stock after selling 180,259 shares during the period. Host Hotels & Resorts accounts for about 1.3% of Miller Howard Investments Inc. NY’s portfolio, making the stock its 29th biggest holding. Miller Howard Investments Inc. NY owned about 0.32% of Host Hotels & Resorts worth $39,552,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HST. Creative Planning lifted its holdings in Host Hotels & Resorts by 16.6% during the 2nd quarter. Creative Planning now owns 45,592 shares of the company’s stock worth $820,000 after buying an additional 6,505 shares during the period. Truist Financial Corp boosted its stake in shares of Host Hotels & Resorts by 7.9% in the 2nd quarter. Truist Financial Corp now owns 98,922 shares of the company’s stock valued at $1,779,000 after purchasing an additional 7,273 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Host Hotels & Resorts during the second quarter worth $391,000. Czech National Bank grew its holdings in Host Hotels & Resorts by 6.5% during the 3rd quarter. Czech National Bank now owns 143,094 shares of the company’s stock worth $2,518,000 after acquiring an additional 8,742 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Host Hotels & Resorts by 468.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 7,039 shares of the company’s stock worth $125,000 after acquiring an additional 5,800 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HST shares. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.96.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $16.76 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $17.61 and a two-hundred day simple moving average of $17.51. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 16.27 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Analysts anticipate that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

About Host Hotels & Resorts

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.