• Return to Headlines

Downgrade Alert for Host Hotels & Resorts (HST)

By Amy Schwartz

Host Hotels & Resorts (NYSE:HST) was downgraded from Buy to Hold at Evercore ISI today. The stock closed yesterday at $17.12 on volume of 11.2 million shares, above average daily volume of 9.9 million.

In the past 52 weeks, shares of Host Hotels & Resorts have traded between a low of $12.17 and a high of $21.40 and closed yesterday at $17.12, which is 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.

Host Hotels & Resorts Inc. is a real estate trust. The trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, The Netherlands and the United Kingdom.

Potential upside of 13.9% exists for Host Hotels & Resorts, based on a current level of $17.12 and analysts' average consensus price target of $19.50. The stock should find initial support at its 200-day moving average (MA) of $16.41 and further support at its 50-day MA of $16.05.

SmarTrend recommended that subscribers consider buying shares of Host Hotels & Resorts on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.68. Since that recommendation, shares of Host Hotels & Resorts have risen 3.4%. We continue to monitor HST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Host Hotels & Resorts

Ticker(s): HST