Host Hotels & Resorts, Inc. $HST Stock Sold by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY trimmed its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 56.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,059,005 shares of the company’s stock after selling 1,359,628 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.15% of Host Hotels & Resorts worth $23,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $2,096,191,000. Deutsche Bank AG acquired a new position in shares of Host Hotels & Resorts during the second quarter valued at about $296,560,000. Bank of America Corp DE purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at approximately $295,807,000. Dimensional Fund Advisors LP raised its position in shares of Host Hotels & Resorts by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,492,832 shares of the company’s stock valued at $201,042,000 after purchasing an additional 118,043 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Host Hotels & Resorts by 253.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,096,636 shares of the company’s stock worth $116,812,000 after purchasing an additional 4,373,449 shares in the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Trading Up 1.4%

Shares of Host Hotels & Resorts stock opened at $25.06 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a fifty day moving average price of $22.77 and a 200 day moving average price of $21.77. Host Hotels & Resorts, Inc. has a 1 year low of $15.61 and a 1 year high of $25.71. The stock has a market cap of $17.17 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.77 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the previous year, the firm posted $0.58 earnings per share. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Equities research analysts predict that Host Hotels & Resorts, Inc. will post 2.19 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Wednesday, September 30th. Host Hotels & Resorts’s payout ratio is 53.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HST. Morgan Stanley upped their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Cantor Fitzgerald boosted their price objective on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Truist Financial upped their target price on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, September 10th. Wells Fargo & Company raised their target price on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold 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 $25.14.

Insider Activity

In other news, EVP Nathan Tyrrell sold 63,882 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the sale, the executive vice president owned 618,207 shares in the company, valued at $14,299,127.91. This represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.