Miller Howard Investments Inc. NY Takes $38.87 Million Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

Miller Howard Investments Inc. NY purchased a new stake in shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,996,570 shares of the company's stock, valued at approximately $38,873,000. Miller Howard Investments Inc. NY owned 0.28% of Host Hotels & Resorts as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Host Hotels & Resorts by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company's stock valued at $2,260,281,000 after purchasing an additional 1,379,330 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Host Hotels & Resorts by 15.4% in the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company's stock valued at $807,923,000 after acquiring an additional 6,719,578 shares during the period. State Street Corp raised its stake in shares of Host Hotels & Resorts by 7.1% in the 1st quarter. State Street Corp now owns 49,154,706 shares of the company's stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the period. Norges Bank purchased a new position in shares of Host Hotels & Resorts during the 4th quarter worth approximately $410,211,000. Finally, JPMorgan Chase & Co. increased its holdings in Host Hotels & Resorts by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company's stock valued at $358,576,000 after purchasing an additional 310,079 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Host Hotels & Resorts

In other news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the sale, the chief executive officer now owns 2,225,577 shares in the company, valued at $46,826,140.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.14% of the company's stock.

Host Hotels & Resorts Stock Up 0.8 %

NASDAQ:HST traded up $0.17 during trading hours on Tuesday, hitting $20.72. The company's stock had a trading volume of 3,293,450 shares, compared to its average volume of 6,107,329. The stock has a market capitalization of $14.58 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $20.27 and a 200-day moving average of $18.61. Host Hotels & Resorts, Inc. has a 52-week low of $14.92 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.25). The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The company's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.97 earnings per share for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.20 dividend. This is a boost from Host Hotels & Resorts's previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.80 annualized dividend and a dividend yield of 3.86%. Host Hotels & Resorts's dividend payout ratio is presently 76.92%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HST. Wells Fargo & Company upped their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Oppenheimer lifted their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Friday, January 5th. Bank of America raised shares of Host Hotels & Resorts from an "underperform" rating to a "buy" rating and increased their price target for the stock from $18.00 to $23.00 in a research report on Monday, January 8th. Jefferies Financial Group lifted their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a "buy" rating in a report on Tuesday, January 2nd. Finally, Truist Financial upped their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a "hold" rating in a research note on Thursday, March 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.20.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.