Host Hotels & Resorts, Inc. $HST Position Lessened by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY cut its position in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) by 56.2% during the third quarter, according to its most recent Form 13F filing with the SEC. 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’s holdings in Host Hotels & Resorts were worth $23,711,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HST. Viewpoint Investment Partners Corp purchased a new position in Host Hotels & Resorts in the third quarter valued at $377,000. Apollon Wealth Management LLC raised its position in shares of Host Hotels & Resorts by 6.5% in the third quarter. Apollon Wealth Management LLC now owns 14,703 shares of the company’s stock worth $329,000 after acquiring an additional 897 shares during the period. IRON Financial LLC acquired a new position in shares of Host Hotels & Resorts in the third quarter worth about $228,000. Signaturefd LLC boosted its stake in shares of Host Hotels & Resorts by 2.0% during the 3rd quarter. Signaturefd LLC now owns 128,953 shares of the company’s stock worth $2,887,000 after acquiring an additional 2,494 shares in the last quarter. Finally, Carolina Wealth Advisors LLC purchased a new stake in shares of Host Hotels & Resorts during the 3rd quarter worth about $314,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HST. Cantor Fitzgerald raised their target price on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Evercore set a $26.00 price target on Host Hotels & Resorts in a report on Monday. Wells Fargo & Company increased their price target on Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an “overweight” rating in a research report on Monday. Truist Financial increased their price target on Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the company 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 issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.14.

Insiders Place Their Bets

In related news, EVP Nathan Tyrrell sold 63,882 shares of Host Hotels & Resorts 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 directly owned 618,207 shares in the company, valued at approximately $14,299,127.91. The trade was a 9.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.50% of the company’s stock.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $25.06 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. The company has a fifty day moving average of $22.77 and a two-hundred day moving average of $21.77. The stock has a market capitalization of $17.17 billion, a PE ratio of 16.71, a P/E/G ratio of 2.77 and a beta of 1.09. Host Hotels & Resorts, Inc. has a fifty-two week low of $15.61 and a fifty-two week high of $25.71.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue was up 3.4% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. As a group, research analysts forecast that Host Hotels & Resorts, Inc. will post 2.19 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

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

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.