MML Investors Services LLC Has $3.54 Million Stock Position in Host Hotels & Resorts, Inc. (NASDAQ:HST)

MML Investors Services LLC grew its position in Host Hotels & Resorts, Inc. (NASDAQ:HST) by 18.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 201,292 shares of the company’s stock after buying an additional 31,919 shares during the period. MML Investors Services LLC’s holdings in Host Hotels & Resorts were worth $3,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the period. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts in the 2nd quarter worth $30,000. Farther Finance Advisors LLC boosted its stake in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Host Hotels & Resorts in the 2nd quarter worth $51,000. Finally, Family Firm Inc. acquired a new position in Host Hotels & Resorts in the 2nd quarter worth $56,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HST shares. Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. UBS Group reduced their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Truist Financial reduced their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Stifel Nicolaus reduced their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.39.

Host Hotels & Resorts Stock Down 1.3 %

Shares of HST stock opened at $18.58 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The firm’s 50-day moving average is $17.97 and its 200-day moving average is $17.69. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 18.04 and a beta of 1.32. Host Hotels & Resorts, Inc. has a 52-week low of $15.71 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.41 earnings per share. Sell-side analysts predict that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.31%. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Host Hotels & Resorts Profile

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.