Host Hotels & Resorts Inc. (NASDAQ:HST) shares, rose in value on Friday, May 26, with the stock price up by 0.24% to the previous day’s close as strong demand from buyers drove the stock to $16.77.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.73, falling within a range of $16.415 and $16.7987. The value of beta (5-year monthly) is 1.32 whereas the PE ratio is 14.83 over 12-month period. Referring to stock’s 52-week performance, its high was $20.98, and the low was $14.51. On the whole, HST has fluctuated by 5.41% over the past month.
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With the market capitalization of Host Hotels & Resorts Inc. currently standing at about $12.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 01, 2023 – Aug 07, 2023. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 2.87%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.33, which is expected to increase to $0.15 for fiscal year $1.05 and then to about $0.92 by fiscal year 2024. Data indicates that the EPS growth is expected to be 19.30% in 2024, while the next year’s EPS growth is forecast to be -12.40%.
Analysts have estimated the company’s revenue for the quarter at $1.43 billion, with a low estimate of $1.4 billion and a high estimate of $1.53 billion. According to the average forecast, sales growth in current quarter could jump up 3.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $5.36 billion, representing an increase of 9.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HST’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.52, with the price of HST currently trading nearly -0.80% and 2.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.18, while the 7-day volatility ratio is showing 2.11% which for the 30-day chart, stands at 2.77%. Furthermore, Host Hotels & Resorts Inc. (HST)’s beta value is 1.29, and its average true range (ATR) is 0.42. The company’s stock has been forecasted to trade at an average price of $20.28 over the course of the next 52 weeks, with a low of $17.00 and a high of $23.00. Based on these price targets, the low is -1.37% off current price, whereas the price has to move -37.15% to reach the yearly target high. Additionally, analysts’ median price of $20.00 is likely to be welcomed by investors because it represents a decrease of -19.26% from the current levels.
A comparison of Host Hotels & Resorts Inc. (HST) with its peers suggests the former has fared considerably weaker in the market. HST showed an intraday change of 0.24% in today’s session so far, and over the past year, it shrunk by -12.23%%. In comparison, Ryman Hospitality Properties Inc. (RHP) has moved higher at 0.04% today and is up 7.01% over the past 12 months. On the other hand, the price of Apple Hospitality REIT Inc. (APLE) has fallen -0.07% today. The stock, however, is off -7.85% from where it was a year ago. Additionally, there is a gain of 0.15% for Pebblebrook Hotel Trust (PEB) in recent trading while the stock has seen an overall depriciation of -36.18%% over the past year. The PE ratio stands at 14.83 for Host Hotels & Resorts Inc., compared to 24.03 for Ryman Hospitality Properties Inc., and 20.86 for Apple Hospitality REIT Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.19%. Meanwhile, the Dow Jones Industrial Improved by 1.08%.
Data on historical trading for Host Hotels & Resorts Inc. (NASDAQ:HST) indicates that the trading volumes over the past 10 days have averaged 7.8 million and over the past 3 months, they’ve averaged 7.03 million. According to company’s latest data on outstanding shares, there are 713.40 million shares outstanding.
Nearly 1.11% of Host Hotels & Resorts Inc.’s shares belong to company insiders and institutional investors own 107.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.04 million shares as on Apr 27, 2023, resulting in a short ratio of 6.24. According to the data, the short interest in Host Hotels & Resorts Inc. (HST) stood at 4.65% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 34.65 million. The stock has risen by 4.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HST stock heading into the next quarter.
