Host Hotels & Resorts Inc (NASDAQ:HST) price on Thursday, November 14, fall -3.00% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.46.
A look at the stock’s price movement, the close in the last trading session was $18.00, moving within a range at $17.44 and $18.12. The beta value (5-Year monthly) was 1.344 while the PE ratio in trailing twelve months stood at 17.09. Turning to its 52-week performance, $21.31 and $15.71 were the 52-week high and 52-week low respectively. Overall, HST moved -2.95% over the past month.
Host Hotels & Resorts Inc’s market cap currently stands at around $12.21 billion, with investors looking forward to this quarter’s earnings report slated for in December. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 4.58%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.38B for the company’s revenue for the quarter, with a low and high estimate of 1.3B and 1.44B respectively. The average forecast suggests up to a 4.27% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 5.63B, representing a 6.07% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HST is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 6 recommend HST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HST’s current price about -1.30% and -1.40% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.66, while 7-day volatility ratio is 2.85% and 2.47% in the 30-day chart. Further, Host Hotels & Resorts Inc (HST) has a beta value of 1.33, and an average true range (ATR) of 0.49. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $17 and high of $26. Looking at the price targets, the low is 2.63% off current price level while to achieve the yearly target high, price needs to move -48.91%. Nonetheless, investors will most likely welcome a -20.27% jump to $21 which is the analysts’ median price.
If we refocus on Host Hotels & Resorts Inc (NASDAQ:HST), historical trading data shows that trading volumes averaged 9.67 over the past 10 days and 7.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 703.60 million shares.
The 1.29% of Host Hotels & Resorts Inc’s shares are in the hands of company insiders while institutional holders own 104.01% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 37.8 million on 2024-10-31, giving us a short ratio of 6.5. The data shows that as of 2024-10-31 short interest in Host Hotels & Resorts Inc (HST) stood at 764.0 of shares outstanding, with shares short falling to 41.31 million registered in 2024-09-30. Current price change has pushed the stock -10.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HST stock continues to rise going into the next quarter.
