Host Hotels & Resorts, Inc. (HST) is a $12.6 billion market cap lodging REIT that owns upscale hotels like Marriott and Ritz-Carlton. HST is considered a large-cap stock in the hotel industry, trading slightly below its 52-week high at $19.03.
While HST has seen a 4.3% rise in the past three months, it has lagged behind the Nasdaq Composite. Over a year, HST has declined compared to NASX’s growth. However, it has been trading above its 200-day moving average since August, showing a bullish trend.
In Q3, HST saw a 6.9% surge after meeting revenue estimates of $1.3 billion. Despite a 2.8% decline in adjusted FFO, its comparable hotel total RevPAR reached $335.4 million. HST has outpaced its rival PK, which has seen declines over the past year.
Analysts remain cautiously optimistic about HST’s future, giving it a “Moderate Buy” rating. The mean price target of $19.74 suggests an 8.2% premium to its current price. Analysts believe in HST’s potential despite recent underperformance.
Read more at Yahoo Finance: Is Host Hotels & Resorts Stock Underperforming the Nasdaq?
