Miller Howard Investments Inc. NY Lowers Holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Miller Howard Investments Inc. NY reduced its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 2,257,540 shares of the company’s stock after selling 180,259 shares during the period. Host Hotels & Resorts comprises approximately 1.3% of Miller Howard Investments Inc. NY’s holdings, making the stock its 29th biggest position. Miller Howard Investments Inc. NY’s holdings in Host Hotels & Resorts were worth $39,552,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the last quarter. Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $45,000. Farther Finance Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after purchasing an additional 867 shares in the last quarter. Signaturefd LLC raised its position in Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company’s stock worth $63,000 after purchasing an additional 1,198 shares during the period. Finally, Mendota Financial Group LLC lifted its stake in Host Hotels & Resorts by 27.1% in the third quarter. Mendota Financial Group LLC now owns 3,952 shares of the company’s stock worth $70,000 after purchasing an additional 842 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Up 0.4 %

HST stock opened at $16.76 on Friday. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The company has a market capitalization of $11.72 billion, a price-to-earnings ratio of 16.27 and a beta of 1.30. The business’s 50 day moving average price is $17.61 and its two-hundred day moving average price is $17.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last issued 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 during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, analysts forecast that Host Hotels & Resorts, Inc. will post 1.92 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Tuesday, December 31st. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Analyst Upgrades and Downgrades

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

Host Hotels & Resorts Profile

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.