Host Hotels & Resorts Inc (NASDAQ:HST) finished Thursday with an addition of $0.38 to close at $16.42, an upside of 2.37 percent. An average of 6,559,900 shares of common stock have been traded in the last five days. There was a gain of $0.51 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 6,482,065 shares traded, while the 50-day average volume stands at 7,384,882.
HST stock has increased by 1.73% in the last month. The company shares reached their 1-month lowest point of $15.65 on 09/07/23. 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 achieved 2.31% or $0.37 in price. In spite of this, the price is down -15.43% 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 116 days ago on Jun 05.
Valuation Metrics
Host Hotels & Resorts Inc (HST) has a trailing price-to-earnings (P/E) ratio of 15.50. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.24, the price-to-book (PB) ratio at 1.68, and the price-to-cash flow ratio at 12.56.
The company has a payout ratio of 37.41%. The company’s most recent quarterly dividend payment was $0.18 a share, representing a up of 20.0% from $0.15 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.69 and a total debt to equity ratio of 0.69 for the quarter ending June 29. Its gross profit as reported stood at $775.0 million compared to revenue of $4.91 billion.
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 28 September was 58.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.56%.
As of today, HST’s price is $16.04 +3.21% or $0.51 from its 5-day moving average. HST is currently trading +2.63% higher than its 20-day SMA and -7.55% lower than its 100-day SMA. However, the stock’s current price level is -7.07% below the SMA50 and -7.18% below the SMA200.
The stochastic %K and %D were 39.43% and 31.84%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 68.78% and the average true range at 0.38, the RSI (14) stands at 54.22%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Analyst Ratings
Wolfe Research launched coverage on Host Hotels & Resorts Inc (NASDAQ: HST) in its analyst report released on September 28, 2023. The firm assigned the stock an Outperform rating.
What is HST’s price target for the next 12 months?
Analysts predict a range of price targets between $15.00 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 $20.22.
