The stock of Host Hotels & Resorts Inc. (NASDAQ:HST) decreased by -$0.11 on Monday to finish at $16.18, down -0.68 percent. The last five days have seen an average of 6,880,320 shares of common stock traded. 15 times new highs were reached in the current year, with a gain of $0.13. The average number of shares traded over the last 20 days was 6,793,060, while the average volume over the last 50 days totaled 6,572,472.
HST stock dropped -7.01% since last month. On 08/03/23, the company’s shares reached a one-month low of $15.72. The stock touched a high of $19.51 on 02/03/23, after rallying from a low of $14.51 in 52 weeks. The price of HST stock has risen by 0.81% or $0.13 this year, reaching a new high 15 times. Still, the stock price is down -17.07% from the 52-week high.
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Insider Transactions
HST stock investors should be aware that Host Hotels & Resorts Inc. (HST) stock had its last reported insider trading activity 71 days ago on Jun 05. On Jun 05, Director RAKOWICH WALTER C sold 3,688 shares at $17.47 each. This transaction resulted in the insider making $64,443.
Valuation Metrics
Host Hotels & Resorts Inc. (HST) has a trailing price-to-earnings (P/E) ratio of 15.26. Beta for the stock is 1.31. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.25, the price-to-book (PB) ratio of 1.65, and the price-to-cash flow ratio of 12.51.
Company paid $0.15 per share in dividends, an increase of 25.0% from $0.12 last year. A $0.03 dividend increase was reported on Wednesday June 14 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.60, and the total debt to equity ratio is 0.60. Host Hotels & Resorts Inc.’s operating margin stood at 15.70% for the same period. Based on annual data, it had gross profit of $775.0 million and revenue of $4.91 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HST’s return on assets (ROA) during the last 12 months has been 6.20%. There was a 6.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.10%.
Earnings Surprise
According to Host Hotels & Resorts Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.39 billion, while revenues rose by 0.86% to $1.38 billion. It was predicted that Host Hotels & Resorts Inc.’s quarterly earnings would be $0.29, but it ended up being $0.33, beating the consensus by -12.10%. EBITDA was $420.0 million for the quarter. At the end of Host Hotels & Resorts Inc.’s most recent quarter ended June 29, its total debt was $4.78 billion. Equity owned by shareholders amounts to $711.61 million.
Technical Picture
Here’s a quick look at Host Hotels & Resorts Inc.’s (HST) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 27.35%, suggesting the stock is oversold, with a 36.65% historical volatility rate.
The stochastic %K and %D were 23.04% and 30.02% respectively, while the average true range (ATR) was 0.51. Based on the 14-day stochastic reading of 16.14%, the RSI (14) reading is 33.80%. On the 9-day MACD Oscillator, the stock is at -0.41, and the 14-day reading is at -0.84.
Analyst Ratings
In its most recent analyst report, Oppenheimer raised its rating on Host Hotels & Resorts Inc. (NASDAQ: HST) to an Outperform. Prior to this, analysts firm rated the stock as a Perform. Analysts have assigned Host Hotels & Resorts Inc. (HST) an Overweight rating. HST is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 10 others recommend it as a buy.
What is HST’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.50 and $23.00, with a median target price of $21.00. In analyzing these forecasts, the average price target given by analysts for Host Hotels & Resorts Inc. (HST) is $20.26.
