Miller Howard Investments Inc. NY Buys 518,016 Shares of Host Hotels & Resorts, Inc. $HST

Key Points

• Miller Howard Investments Inc. NY increased its stake in Host Hotels & Resorts by 26.6%, owning approximately 0.36% of the company, valued at nearly $37.85 million.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share, yielding 4.6%, with an ex-dividend date of September 30th.
• Several analysts have set new price targets for Host Hotels & Resorts, ranging from $16.00 to $20.00, with an average target of $17.77 reflecting a "Moderate Buy" rating.

Miller Howard Investments Inc. NY increased its holdings in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 26.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,464,422 shares of the company's stock after acquiring an additional 518,016 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.36% of Host Hotels & Resorts worth $37,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HST. Nuveen LLC bought a new position in Host Hotels & Resorts in the first quarter worth $69,989,000. Millennium Management LLC lifted its position in shares of Host Hotels & Resorts by 1,607.3% during the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock valued at $43,810,000 after buying an additional 2,902,471 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Host Hotels & Resorts in the first quarter worth $38,611,000. Invesco Ltd. raised its holdings in shares of Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after acquiring an additional 2,503,550 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Host Hotels & Resorts by 172.0% during the 1st quarter. BNP Paribas Financial Markets now owns 2,600,965 shares of the company's stock valued at $36,960,000 after purchasing an additional 1,644,843 shares during the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Price Performance

HST traded up $0.27 during trading on Tuesday, reaching $17.44. The stock had a trading volume of 1,899,739 shares, compared to its average volume of 9,782,119. Host Hotels & Resorts, Inc. has a 1-year low of $12.22 and a 1-year high of $19.36. The stock has a 50 day moving average of $16.58 and a two-hundred day moving average of $15.52. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 18.54 and a beta of 1.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. Host Hotels & Resorts's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 85.11%.

Wall Street Analyst Weigh In

HST has been the subject of a number of analyst reports. Evercore ISI upped their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective on the stock. Stifel Nicolaus upped their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Truist Financial increased their price objective on Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a report on Wednesday, September 3rd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.77.

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.