Host Hotels & Resorts, Inc. (HST) operates as a self-managed and self-administered real estate investment trust (REIT) in the United States (US). It primarily engages in the ownership and management or leasing of luxury and upper upscale hotels. It owns approximately 72 properties in the US and five properties internationally totalling ~41 900 rooms.
The hotels operate in urban and resort markets either as luxury properties under brand names including 1 Hotels, Alila, Four Seasons, Grand Hyatt, JW Marriott, and Ritz-Carlton, or as upper upscale properties under brand names like Curio - A Collection by Hilton, Hilton, Hyatt Regency, Marriott, Marriott Marquis, Sheraton, and Westin.
Technically, the stock is displaying price stability with regular upswings (see the shaded area on the first chart). Stability implies there is a consistent demand for the stock at its current price levels. This can be a sign that investors have confidence in the stock's value and its prospects. Regular upswings within stable price action can signal an uptrend.
The stock is trading just below its 200-day simple moving average (SMA) of ~$16.50. Fading downside momentum, according to the MACD indicator, and recent sidewards movement of the On-Balance Volume indicator, supports a bullish stance.
Share Information
| Share code | HST |
|---|---|
| Industry | Equity Real Estate Investment |
| Market Capital (USD) | 11.57 billion |
| One Year Total Return | 3.15% |
| Return Year-to-date | 4.12% |
| Current Price (USD) | 16.26 |
| 52 Week High (USD) | 19.42 |
| 52 Week Low (USD) | 14.51 |
| Financial Year End | December |
| This year the stock has seen modest growth so far, with various technical indicators pointing toward further upside. |
Consensus expectations
(Bloomberg)
| FY22 | FY23E | FY24E | FY25E | |
|---|---|---|---|---|
| Headline Earnings per Share (USD) | 0.88 | 0.99 | 0.88 | 0.99 |
| Growth (%) | 12.39 | -10.72 | 12.46 | |
| Dividend Per Share (USD) | 0.53 | 0.67 | 0.76 | 0.84 |
| Growth (%) | 26.23 | 12.86 | 10.60 | |
| Forward PE (times) | 16.44 | 18.41 | 16.37 | |
| Forward Dividend Yield (%) | 4.11 | 4.64 | 5.14 | |
| The market anticipates a slow-down in growth next year, but a decent recovery over the medium term. | ||||
Buy/Sell Rationale
Technical Analysis:
Long-term fundamental view:
| Share Name and position | NOC - Take Profit (Close the position) |
IEX - Buy (Continue to hold) |
CNC - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 420.07 | 212.62 | 66.44 |
| Current | 465.12 | 208.29 | 71.17 |
| Movement | 10.7% | -2.0% | 7.1% |
| The trade has reached our take-profit level and we closed the position. |
The price remains above key support. Currently below its 200-day simple moving average. Downside price momentum is a concern.
Our profit target is $240 with a trailing stop-loss of $202.80. Note the pending time to exit the position of 20 October 2023 |
The stock remains above key support levels and recently crossed its 200-day simple moving average. Upside momentum remains supportive.
Our profit target is $76 with a trailing stop-loss of $67.50. Exit the position on 30 November 2023. |
| Share Name and position | STRA - Buy (Continue to hold) |
BTAL - Buy (Continue to hold) |
UNH - Buy (Continue to hold) |
|---|---|---|---|
| Entry | 76.64 | 19.20 | 505.45 |
| Current | 81.88 | 20.03 | 524.24 |
| Movement | 6.8% | 4.3% | 3.7% |
|
The stock is in the accumulation phase of the market cycle and is testing its 200-day simple moving average. Upside momentum supports the trade idea.
Our profit target is $85 with a trailing stop-loss of $77.60. Exit the position on 22 November 2023. |
The development of a falling wedge pattern remains of interest. The stock just remains above its 200-day simple moving average, with upside momentum being supportive.
Our profit target is $21 with a stop-loss of $19.30. Exit the position on 13 December 2023. |
The price is stable and remains of interest. Trade continues above the 200-day simple moving average and upside momentum remains supportive.
Our profit target is $560 with a trailing stop-loss of $502.50. Exit the position on 3 January 2024. |
