Host Hotels & Resorts Inc. (NASDAQ: HST) stock fell -3.03% on Friday to $17.30 against a previous-day closing price of $17.84. With 13.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.98 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $17.83 whereas the lowest price it dropped to was $17.29. The 52-week range on HST shows that it touched its highest point at $21.63 and its lowest point at $14.67 during that stretch. It currently has a 1-year price target of $22.00. With its current market cap of 12.21 billion, HST has annualized dividend of $0.24 while the current yield stands at 1.39%. Beta for the stock currently stands at 1.26.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HST was up-trending over the past week, with a rise of 2.13%, but this was up by 10.12% over a month. Three-month performance dropped to -14.06% while six-month performance fell -0.23%. The stock gained 9.49% in the past year, while it has lost -0.52% so far this year. A look at the trailing 12-month EPS for HST yields 0.36 with Next year EPS estimates of 0.92. For the next quarter, that number is 0.25. This implies an EPS growth rate of 98.40% for this year and 26.73% for next year. EPS is expected to grow by 28.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.10%.
Float and Shares Shorts:
At present, 714.30 million HST shares are outstanding with a float of 706.55 million shares on hand for trading. On Jul 14, 2022, short shares totaled 26.24 million, which was 3.67% higher than short shares on Jun 14, 2022. In addition to Mr. James F. Risoleo as the firm’s Pres, CEO & Director, Mr. Sourav Ghosh serves as its Exec. VP & CFO.
Through their ownership of 103.03% of HST’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 64.26% of HST, in contrast to 38.17% held by mutual funds. Shares owned by individuals account for 1.83%. As the largest shareholder in HST with 15.79% of the stake, The Vanguard Group, Inc. holds 112,847,837 shares worth 112,847,837. A second-largest stockholder of HST, Cohen & Steers Capital Management, holds 60,878,938 shares, controlling over 8.52% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in HST, holding 49,154,706 shares or 6.88% stake. With a 4.60% stake in HST, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 32,862,100 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 3.37% of HST stock, is the second-largest Mutual Fund holder. It holds 24,118,084 shares valued at 378.17 million. Vanguard Total Stock Market Index holds 2.95% of the stake in HST, owning 21,060,880 shares worth 330.23 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HST since 19 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HST analysts setting a high price target of $26.00 and a low target of $19.00, the average target price over the next 12 months is $21.76. Based on these targets, HST could surge 50.29% to reach the target high and rise by 9.83% to reach the target low. Reaching the average price target will result in a growth of 25.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HST will report FY 2022 earnings on 02/15/2023. Analysts have provided yearly estimates in a range of $0.83 being high and $0.60 being low. For HST, this leads to a yearly average estimate of $0.70. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Host Hotels & Resorts Inc. surprised analysts by $0.14 when it reported $0.16 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was $0.53. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.25.
Dividends & Yield:
In terms of dividends, HST has a current ratio of $0.24, which is $0.24 over the trailing 12-months, while a dividend of $0.67 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and HST currently yields $0.52. In the past year, HST’s dividend yield has been $0.52, but when looking at the stock over the past five years, its yield has been $4.08. Accordingly, HST has a current buyback yield of $0.0. This was $0.0 for the TTM, and it was $2.46 for the past five years.
Summary of Insider Activity:
Insiders traded HST stock several times over the past three months with 2 Buys and 3 Sells. In these transactions, 16,452 shares were bought while 13,997 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 611,260 while 174,065 shares were sold.