Miller Howard Investments Inc. NY Sells 311,134 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Miller Howard Investments Inc. NY lessened its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,946,406 shares of the company's stock after selling 311,134 shares during the period. Miller Howard Investments Inc. NY owned 0.28% of Host Hotels & Resorts worth $27,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Freedom Investment Management Inc. boosted its holdings in Host Hotels & Resorts by 2.9% during the fourth quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company's stock valued at $389,000 after acquiring an additional 622 shares during the period. Evergreen Wealth Solutions LLC boosted its stake in Host Hotels & Resorts by 5.3% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock valued at $227,000 after purchasing an additional 651 shares during the period. Ascent Group LLC grew its holdings in Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock valued at $290,000 after buying an additional 703 shares during the last quarter. Impact Investors Inc grew its holdings in Host Hotels & Resorts by 1.3% in the 1st quarter. Impact Investors Inc now owns 59,112 shares of the company's stock valued at $840,000 after buying an additional 773 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after buying an additional 1,088 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. Finally, Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $17.96.

Host Hotels & Resorts Trading Up 0.2%

Shares of HST traded up $0.04 during trading hours on Friday, hitting $16.21. 5,858,876 shares of the stock traded hands, compared to its average volume of 8,769,394. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.37. The firm has a market capitalization of $11.24 billion, a PE ratio of 16.88 and a beta of 1.31. The business has a fifty day moving average of $15.35 and a 200-day moving average of $15.67.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. Host Hotels & Resorts's revenue for the quarter was up 8.4% compared to the same quarter last year. Analysts expect that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.94%. Host Hotels & Resorts's dividend payout ratio is 83.33%.

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.