The stock of Host Hotels & Resorts, Inc. (NYSE:HST) is now priced at $11.28 and the shares are 0.05 points up or 0.45% higher compared to its previous closing price of $11.23. The stock had 7.767 million contracts set over the past session. HST shares’ daily volume is compared to its average trading volume at 11.835 million shares. However, it has a float of 697 million and although its performance was -0.18% over the week, it’s one to watch. Analysts have given the HST stock a yearly average price target of $12.18 per share. It means the stock’s upside potential is 7.98% with the HST share price recently placing at $10.97 to $11.38. However, some brokerage firms have priced the stock below the average, including one that has called $8.
The shorts are running away from the Host Hotels & Resorts, Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the HST shares have declined. Short interest in the stock represents just 4.94% of its float, but the volume has dropped by 0.
In the last trading session, Host Hotels & Resorts, Inc. (NYSE:HST) dropped by -$0.02 over the week and gained $0.37 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $18.9. The stock recorded its established 52-week high on 12/27/19.
Since 03/17/20, the stock has traded to a low of $7.86 at 43.6%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 1.27. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Host Hotels & Resorts, Inc.’s two-week RSI is 52.24. This suggests that the stock is neutral at the moment and that HST shares’ price movement remains stable. The stochastic readings are equally revealing at 58.71% meaning the HST share price is currently in neutral territory.
The technical chart shows that the HST stock will likely settle at between $11.45 and $11.62 per share. However, if the stock dips below $11.04, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.8.
Currently, the stock is trading in the green of MACD, with a reading of 0.26. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Morgan Stanley raised their recommendation for HST from Underweight to Equal-Weight in July 29 review while maintain their target price of $10. SunTrust analysts downgraded their recommendation of the stock from Hold to Sell in a flash note released to investors on July 24. CapitalOne seeing the stock struggling downgraded it from Overweight to Equal Weight on June 29 placing it at $12.
The average rating for the HST equity is 2.62 and is currently gathering a bullish momentum. Of 21 analysts tracking Host Hotels & Resorts, Inc. polled by Reuters, 8 rated HST as a hold. The remaining 13 analysts were split evenly. However, the split wasn’t equal as a majority (9) rated it as a buy or strong buy. 4 analyst advised investors against buying the stock or to sell if they own any of the stock.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Host Hotels & Resorts, Inc. (NYSE:HST) will increase by about 170.52%, which will see them reach $279 million. The company’s full-year revenues are, however, expected to diminish by about -65.45%, down from $5470 million to $1890 million. HST’s expected adjusted earnings should drop almost -180% to end up at -$0.4 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -198.4% to record -$1.23/share.