The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Host Hotels & Resorts Inc. shares valued at $224,847 were sold by TYRRELL NATHAN S on Jun 07. At $21.00 per share, TYRRELL NATHAN S sold 10,707 shares. The insider’s holdings dropped to 379,285 shares worth approximately $6.58 million following the completion of this transaction.
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Also, RAKOWICH WALTER C sold 3,290 shares, netting a total of over 64,517 in proceeds. Following the sale of shares at $19.61 each, the insider now holds 53,083 shares.
As published in their initiating research note from Morgan Stanley on December 05, 2022, Host Hotels & Resorts Inc. [HST] has been an Equal-weight and the price target has been revised to $20. This represents a 13.25% premium over Thursday’s closing price. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in mid September. As of August 29, 2022, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for HST.
Analyzing HST Stock Performance
On Thursday, Host Hotels & Resorts Inc. [NASDAQ: HST] rose 1.58% to $17.35. The stock’s lowest price that day was $17.00, but it reached a high of $17.46 in the same session. During the last five days, there has been a drop of approximately -5.86%. Over the course of the year, Host Hotels & Resorts Inc. shares have jumped approximately 8.10%. Shares of the company reached a 52-week high of $19.42 on 02/03/23 and a 52-week low of $15.65 on 01/05/23. A 50-day SMA is recorded $17.41, while a 200-day SMA reached $17.71. Nevertheless, trading volume fell to 5.45 million shares from 7.02 million shares the previous day.
Support And Resistance Levels for Host Hotels & Resorts Inc. (HST)
According to the 24-hour chart, there is a support level at 17.08, which, if violated, would cause prices to drop to 16.81. In the upper region, resistance lies at 17.54. The next price resistance is at 17.73. RSI (Relative Strength Index) is 43.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 71.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Host Hotels & Resorts Inc. subject to short interest?
Stocks of Host Hotels & Resorts Inc. saw a sharp rise in short interest on Jan 30, 2023 jumping by 0.78 million shares to 33.33 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 32.55 million shares. A jump of 2.34% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.72 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.72.
Which companies own the most shares of Host Hotels & Resorts Inc. (HST)?
According to The Vanguard Group, Inc. filings, the company currently owns 116,039,838 shares, which is about 16.23% of the total HST shares outstanding. The investor’s shares have appreciated by 907,501 from its previous 13-F filing of 115132337.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $965,464,635. Cohen & Steers Capital Management reduced a -2.99% interest valued at $901.02 million while SSgA Funds Management, Inc. purchased a 428,829 stake. A total of 1,277,541 shares of Host Hotels & Resorts Inc. were bought by Norges Bank Investment Management during the quarter, and 119,770 were bought by Wellington Management Co. LLP. In its current portfolio, Geode Capital Management LLC holds 16,808,354 shares valued at $316.84 million.
In terms of Host Hotels & Resorts Inc. share price expectations, FactSet research, analysts set an average price target of $20.82 in the next 12 months, up nearly 22.95% from the previous closing price of $17.08. Analysts anticipate Host Hotels & Resorts Inc. stock to reach $25.00 by 2023, with the lowest price target being $17.00. In spite of this, 21 analysts ranked Host Hotels & Resorts Inc. stock as an Overweight at the end of 2023. On March 30, 2022, Jefferies assigned a price target of “a Buy” to the stock and upgraded coverage with a $25.