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

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

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Host Hotels & Resorts by 23.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 606,122 shares of the company's stock valued at $10,668,000 after acquiring an additional 113,761 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company's stock worth $1,156,000 after purchasing an additional 36,278 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Host Hotels & Resorts by 5.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 637,976 shares of the company's stock worth $11,351,000 after buying an additional 32,586 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Host Hotels & Resorts in the third quarter valued at about $540,000. Finally, Achmea Investment Management B.V. raised its holdings in shares of Host Hotels & Resorts by 15.6% during the 2nd quarter. Achmea Investment Management B.V. now owns 258,723 shares of the company's stock valued at $4,651,000 after buying an additional 34,977 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.24 during mid-day trading on Friday, hitting $18.58. 4,514,379 shares of the company's stock traded hands, compared to its average volume of 6,816,773. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts, Inc. has a one year low of $15.71 and a one year high of $21.31. The firm has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.69. The company has a market cap of $12.99 billion, a PE ratio of 18.04 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced 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). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company earned $0.41 EPS. The business's quarterly revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Host Hotels & Resorts, Inc. will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.31%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 77.67%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HST. StockNews.com downgraded shares of Host Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th. Compass Point upgraded 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 note on Thursday, October 17th. Truist Financial reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. Wells Fargo & Company lifted their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. Finally, Stifel Nicolaus reduced their target price on 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $21.39.

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.