Host Hotels & Resorts Inc. (NASDAQ:HST) finished Thursday with a subtraction of -$0.27 to close at $15.64, a downside of -1.70 percent. An average of 9,702,360 shares of common stock have been traded in the last five days. There was a fall of -$0.17 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 8,635,895 shares traded, while the 50-day average volume stands at 7,041,852.
HST stock has decreased by -10.22% in the last month. The company shares reached their 1-month lowest point of $15.59 on 08/18/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $14.51 and a high of $19.42 in 52 weeks. It has reached a new high 15 times so far this year and lost -2.55% or -$0.41 in price. In spite of this, the price is down -19.44% from the 52-week high.
Insider Transactions
HST stock investors should be aware that Host Hotels & Resorts Inc. (HST) stock had its last reported insider trading activity 81 days ago on Jun 05.
Valuation Metrics
Host Hotels & Resorts Inc. (HST) has a trailing price-to-earnings (P/E) ratio of 14.75. The stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.09, the price-to-book (PB) ratio at 1.60, and the price-to-cash flow ratio at 11.61.
The company has a payout ratio of 48.00%. The company’s most recent quarterly dividend payment was $0.15 a share, representing a up of 25.0% from $0.12 last year. Its latest increase dividend $0.03 reported on Wednesday June 14 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.60 for the quarter ending June 29. Its gross profit as reported stood at $775.0 million compared to revenue of $4.91 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Host Hotels & Resorts Inc.’s return on assets was 6.20%.
Earnings Surprise
For the three-month period that ended June 29, Host Hotels & Resorts Inc. had $987.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $210.0 million in the quarter, while revenues were shrunk -21.9%. The analyst consensus anticipated Host Hotels & Resorts Inc.’s latest quarter earnings to come in at $0.33 per share, but it turned out to be $0.29, a -12.10% surprise. For the quarter, EBITDA amounted to $420.0 million. At the end of the quarter ending June 29, Host Hotels & Resorts Inc.’s stock balance sheet showed total debt was $4.78 billion. Shareholders own equity worth $711.61 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Host Hotels & Resorts Inc. (HST) price momentum. RSI 9-day as of the close on 24 August was 26.55%, suggesting the stock is oversold, with historical volatility in this time frame at 15.62%.
As of today, HST’s price is $15.90 -1.08% or -$0.17 from its 5-day moving average. HST is currently trading -10.78% lower than its 20-day SMA and -5.15% lower than its 100-day SMA. However, the stock’s current price level is -10.32% below the SMA50 and -9.07% below the SMA200.
The stochastic %K and %D were 15.20% and 16.97%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 3.51% and the average true range at 0.43, the RSI (14) stands at 31.30%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
Oppenheimer upgraded Host Hotels & Resorts Inc. (NASDAQ: HST) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Perform. The consensus rating for Host Hotels & Resorts Inc. (HST) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell HST, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 10 others rate it as a “buy”.
What is HST’s price target for the next 12 months?
Analysts predict a range of price targets between $15.50 and $23.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for Host Hotels & Resorts Inc. (HST) stock is $20.26.
